Comcast and Verizon Wireless are collaborating to develop “magical experiences” for the mobile devices of cable subscribers, which will be researched and created in a joint lab funded by both companies. Though both companies offer digital cable, high speed broadband internet, and digital voice services, their service territories usually do not overlap—making this latest initiative between Comcast’s cable subsidiary and Verizon’s wireless division possible.
“The Mobility Solutions team is pioneering Comcast’s strategy to enable new products and services outside the home on a myriad of mobile devices. As part of this quest, we’re overseeing Comcast’s innovation joint venture with Verizon Wireless, with the goal of delivering magical experiences that move seamlessly across all your digital devices,” read Comcast’s official job listing for a “director of product management mobility solution”.
The joint innovation lab was launched in Silicon Valley last year, after Comcast agreed to sell broadband wireless spectrum to Verizon Wireless. A joint marketing initiative was created, which allowed Verizon Wireless customers to buy Comcast Xfinity services at a discount and enabled Comcast Xfinity subscribers to purchase mobile devices and wireless plans from Verizon at promotional prices.
Just last November, Comcast CFO Michael Angelakis revealed that engineers from both companies are working hard to create new products and services that will leverage the Xfinity digital cable platform and Verizon Wireless network to its fullest advantage. “I don’t think you’ll see any announcements. I think you’ll see us go out and try to execute,” Angelakis commented.
So far, there are no official announcements regarding the specifics of any technology that is still in development. Still, speculation is stirring up excitement—and rightfully so. Verizon Wireless and Comcast are known for being at the forefront of the cable and wireless industry, which means that competing pay TV providers will need to think of their next move if they want to hold on to their customers.