Sprint (NYSE:S) and Altice USA (NYSE:ATUS) announced a multi-year strategic agreement under which Altice will utilize Sprint's network to provide mobile voice and data services to its customers throughout the nation, and Sprint will leverage Altice's broadband platform to accelerate the densification of its network.
Sprint will provide Altice access to its MVNO (mobile virtual network operator) model, allowing Altice to connect its network to the Sprint Nationwide network and have control over the Altice mobile features, functionality and customer experience.
Sprint President and CEO Marcelo Claure said: "Sprint has more spectrum and capacity than any other carrier in the U.S. This is a tremendous advantage, allowing Altice USA customers to experience our best-ever network that offers the speed, capacity and reliability that customers demand in this data-driven world. This agreement also gives us a unique opportunity to accelerate the work we are doing to massively densify our network across Altice's U.S. footprint."
"Sprint is an ideal strategic partner for Altice USA given our shared vision around converged customer experiences," said Altice USA Chairman and CEO Dexter Goei. "Altice is a convergent leader with more than 26 million mobile customers in countries including France, Portugal, Israel, and the Dominican Republic, and we are excited to bring our global expertise to the U.S. to enhance and strengthen our offerings. Working together we will be able to capitalize on Sprint's vast mobile network, which fits well alongside Altice USA's deep WiFi network, and leverage Altice's global mobile experience to deliver greater value, more benefits and seamless connectivity for our U.S. customers."
Sprint is working to densify its network through the deployment of small cells and other solutions, with the goal of further improving network performance and the customer experience. Sprint's Densification and Optimization toolkit includes solutions from traditional macro towers to small cells including Sprint Magic Box, airpoles, strand mounts and repeaters.