Comcast Corp. and Charter Communications Inc. agrees the partnership deed, no one is allowed for the mergers or acquisitions with any other wireless companies without the mutual consent of the boat.
According to the report, officially the agreement announcement would be announced on Monday. In the written consent the both organizations mutually agree on the terms and conditions.
The cable giants, both Comcast and Charter will expect to launch their wireless services in this year or may be in the next year. Now the organizations will start the operations mutually, and the contract is designed in such a way, the both Comcast and Charter have the business opportunity and best entry method in the wireless service markets.
According to the deed, the both partners will share the technology, information and other details regarding to the operation, the both companies agree to keep down the bid prices.
Moreover, the both companies have fully agreed to work together, so that they attain the competitive advantage and attain the major chunk of the market. The Both agrees under the terms and conditions, the other company can be purchased with the mutual consent, but they agreed not to acquire or merge with another entity without the permissions, if any will do, the contract will be breached under the certain terms and conditions.