Nov. 6 (UPI) -- U.S. cable company Altice has jumped into the mobile telecommunications industry by partnering with Sprint, on the heels of the phone company's stalled merger with T-Mobile.
The companies announced the partnership Sunday.
Altice, the fourth-largest U.S. cable company, will begin selling mobile service via Sprint's CDMA network -- similar to Virgin Mobile and Boost Mobile.
"We believe this approach will be a model for future strategic arrangements across multiple industries including cable, tech and others," Sprint President & CEO Marcelo Claure said in a statement.
The companies entered the multi-year agreement Sunday -- one day after Sprint's attempted merger with T-Mobile ended.
Under the agreement, Altice will provide mobile voice and data service to U.S. customers and Sprint will leverage Altice's broadband platform to upgrade its network, the company said.
"We will be able to capitalize on Sprint's vast mobile network, which fits well alongside Altice USA's deep WiFi network ... to deliver greater value, more benefits and seamless connectivity," Altice Chairman & CEO Dexter Goei added.
Sprint is the fourth-largest mobile carrier in the United States after AT&T, Verizon and T-Mobile. In July, the company's proposed merger with Charter Communications also stalled.