Davis Polk advised Comcast Corporation on the formation of a 50/50 operating platform partnership with Charter Communications, Inc. focused on the development and design of backend systems that support Comcast’s Xfinity Mobile and Charter’s Spectrum Mobile service.
Through the agreement, Charter and Comcast will work together to cost-effectively develop an efficient and scalable software platform, and related backend systems, which will power each company’s mobile-related customer sales and support platforms, device logistics and warehousing, and billing. Each company will continue to maintain their own relationships with device manufacturers, and all customer-facing activities, including customer service, marketing, sales, pricing and packaging will be handled individually by Charter and Comcast.
Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. The company, led by Brian L Roberts, Neil Smit and Samuel H Schwartz in 2017 recorded $85 Billion Revenues.
Charter is a broadband communications company and cable operator.
The Davis Polk corporate team included partner Brian Wolfe (Picture) and associates Abraham Einhorn and Brian Russell. Counsel Matthew J. Bacal and associate Bonnie Chen provided intellectual property and technology advice. Partner Neil Barr and associates Patrick E. Sigmon and Ariel David Siman provided tax advice. Partner Kyoko Takahashi Lin and associate R. Scott Matarese provided executive compensation advice.
Involved fees earner: Brian Wolfe – Davis Polk & Wardwell; Abraham Einhorn – Davis Polk & Wardwell; Brian Russell – Davis Polk & Wardwell; Matthew Bacal – Davis Polk & Wardwell; Bonnie Chen – Davis Polk & Wardwell; Neil Barr – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Ariel Siman – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; R. Scott Matarese – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Comcast Corporation;