Cable Industry's Mobile Growth
This is a news story, published by CNBC, that relates primarily to Comcast news.
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broadband marketCNBC
•Technology
Technology
Why cable companies like Comcast and Charter are leaning into mobile service
86% Informative
The cable industry's foray into wireless has long been considered a retention tool for the behemoth broadband business.
Less than a decade after cable giants like Comcast and Charter Communications jumped into the mobile business.
Nearly half of all wireless line additions last year were from a cable operator, according to data from MoffettNathanson .
Mobile and the other segments of the cable business work somewhat in symbiosis.
Altice USA's mobile plans are offered to anyone in the company's footprint, even if they don't subscribe to other Altice services.
Cable operators are able to extend cheaper offers due to agreements that allow them to use existing wireless networks.
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