Charter Communications (CHTR) Plans to Offer Wireless Service (VZ)

Charter Communications (Nasdaq: CHTR) is planning to launch a wireless service by leasing airwaves from Verizon (NYSE: VZ), according to the WSJ, citing commentary made by CEO Tom Rutledge at an investor conference on Wednesday.

Chater received the agreement via its acquisition of Time Warner Cable and Bright House Networks.

While details on the product weren't offered, Rutledge commented, We have talked internally about how to build out our network to capacity…and how to do that both terrestrially and wirelessly.

You May Also Be Interested In

• Cognex (CGNX) Reiterated at Neutral by DA Davidson on Agreement to Acquire RealSense
• First American Financial (FAF) Raises Quarterly Dividend 10.9% to $0.61; 3.4% Yield
• SPECTRUM SAYS 'HI!' TO 11+ MILLION HOMES AND BUSINESSES ACROSS MAJOR MARKETS INCLUDING LAS VEGAS, NEW ORLEANS, NORFOLK, OKLAHOMA CITY, ORANGE COUNTY, PHOENIX, PROVIDENCE AND SAN DIEGO