Forbes reports on Citigroup research that suggests Comcast is eyeing a wireless carrier. Sprint Nextel is said to be the most likely candidate, with T-Mobile next in line. The report says Sprint Nextel is the favorite because its platform is more advanced than T-Mobile's.
This is news, but not surprising. Comcast is a mover and a shaker. The company is a key member of a group that is partnering with Sprint Nextel to pledge $2.37 billion for spectrum in 137 metro markets in the Federal Communications Commission's recently concluded Advanced Wireless Spectrum auction. The operator already is one of the biggest players in VoIP.
Comcast is emblematic of a revitalized industry, and it's fitting for the cable guys to end up with Sprint Nextel. The industry was savvy -- and lucky. It was in the right place (people's homes, via coaxial cable) at the right time (when the Internet took off).
The consortium, now named SpectrumCo, includes Time Warner Cable, Advance Newhouse and Cox in addition to Comcast and Sprint Nextel. The addition of the wireless element will be the final piece in cable operators' realization of the strategic vision they have been working toward for years.