Comcast, Charter partner for mobile services back-end software
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The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson
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Dividend Yield: 6.1%
EPS Growth %: -12.5%
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(Reuters) - Comcast Corp (NASDAQ: CMCSA) and Charter Communications Inc (NASDAQ: CHTR) will partner to develop back-end software to support services for their Xfinity and Spectrum mobile offerings, the companies said on Friday.
The 50/50 partnership will help lower costs and power both companies' mobile-related customer sales and support platforms, device logistics and billing.
(Reporting by Arjun Panchadar in Bengaluru)
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