Is Comcast Going to Be Your Next Cellphone Provider?

By Chris Neiger – Oct 30, 2015 at 9:42AM

NYSE: VZ

Verizon Communications

Market Cap

$165B

Today's Change

(1.17%) $0.46

Current Price

$39.68

Price as of April 26, 2024, 4:00 p.m. ET

The cable giant is reportedly preparing to launch its own mobile virtual network next year -- and it could be a huge problem for traditional wireless providers.

The wireless industry may be about to heat up if new information from Bloomberg pans out. Comcast Corporation (CMCSA 1.85%) is reportedly planning to launch a mobile virtual network (MVNO) on Verizon Communications' (VZ 1.17%) spectrum.

In 2012, Verzion purchased spectrum from cable providers but agreed to let them resell some of its airwaves later on. Comcast appears to be ready to do just that, and it could launch its own cellphone service later next year. The company would likely rely heavily on its system of Wi-Fi hotspots and home Wi-Fi connections, and fill in any gaps with Verizon's spectrum.

Click on the slideshow below to find out more about Comcast's plans, and how they could impact the wireless telecom industry.

Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends Verizon Communications. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.