Comcast Corporation (NASDAQ:CMCSA) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement
On May 5, 2017, Comcast Corporation (Comcast) entered into a
Wireless Operational Cooperation Agreement (the Cooperation
Agreement) with Charter Communications, Inc. (Charter) (each of
Comcast and Charter, a Party and, collectively, the Parties).
to the Cooperation Agreement, for a period of one year, Comcast
and Charter have agreed to explore potential opportunities for
operational cooperation in their respective wireless businesses,
including with respect to common billing and operating platforms,
technical standards development and harmonization, device forward
and reverse logistics, and emerging wireless technology
platforms. Additionally, the Parties have agreed to work only
together with respect to national mobile network operators,
through potential commercial arrangements, including MVNOs and
other material transactions in the wireless industry, for a
period of one year.
The Cooperation Agreement does not, among other things, restrict
either Partys development and/or delivery of wireless services
for its cable customers through the exercise or implementation of
any rights under each Partys MVNO agreement with Verizon
Wireless.
The description above is a summary and is qualified in its
entirety by the Cooperation Agreement, which is filed as Exhibit
10.1 to this report and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On May 8, 2017, Comcast and Charter issued a joint press release
announcing entry into the Cooperation Agreement. The press
release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
Comcast does not intend for this Item 7.01 to be treated as filed
under the Securities Exchange Act of 1934, as amended, or
incorporated by reference into its filings under the Securities
Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits
|
Exhibit Number |
Description |
|
| 10.1 |
Wireless Operational Cooperation Agreement dated as of May 5, 2017 between Comcast Corporation and Charter Communications, Inc. |
|
| 99.1 |
Joint Press Release dated May 8, 2017 issued by Comcast Corporation and Charter Communications, Inc. |
|
About Comcast Corporation (NASDAQ:CMCSA)
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. Its Cable Communications consists of the operations of Comcast Cable, which provides video, Internet and voice services to residential customers under the XFINITY brand. Its Cable Networks consists of national cable networks, regional sports and news networks, international cable networks and cable television studio production operations. Its Broadcast Television consists of the NBC and Telemundo broadcast networks. Its Filmed Entertainment consists of the operations of Universal Pictures. The Company’s Theme Parks consists in Universal theme parks in Orlando, Florida and Hollywood, California. Comcast Corporation (NASDAQ:CMCSA) Recent Trading Information
Comcast Corporation (NASDAQ:CMCSA) closed its last trading session up +0.72 at 39.01 with 17,640,743 shares trading hands.
