Cable giants Comcast and Charter Communications announced Friday a 50/50 partnership that will allow them to collaborate on a platform for their independent wireless ventures.

The development efforts,  based in Philadelphia,  will build on software Comcast first developed to power Xfinity Mobile, which Charter has already adapted to its own, soon-to-launch wireless service, writes Michelle Caffrey  at bizjournals.com.

[uam_ad id=”54865″]

In the new platform development deal, Charter will cover the initial development costs to offset what Comcast’s already spent building its current software, but once they’ve evened out expenses, they will fund the effort equally. The development will be overseen by four directors, two from Charter and two from Comcast.

To read the full story, click here.

[uam_ad id=”54875″]