Sprint Approached Charter About Possible Merger

Judith Bessette
Julho 29, 2017

T-Mobile and Sprint have been in merger talks for a long while now, but the latter may be attempting to jockey for position by allying itself with Charter and Comcast, the Wall Street Journal reports.

The proposal called for the creation of a new publicly traded company that would combine Sprint and Charter and be controlled by Son's SoftBank Group, the newspaper reported.

A combination of Sprint and Charter would put together the fourth-largest US wireless carrier with the No. 2 USA cable company.

Wireless has been an elusive target for the cable industry for decades.

Charter and Comcast had jointly agreed this spring not to start merger or acquisition talks with another wireless company for at least a year without each other's participation or go-ahead.

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Charter Communications is not interested in a merger with Sprint Corp., a person familiar with the matter tells Bloomberg. SoftBank now has majority ownership of Sprint.

For the SoftBank-owned carrier, the deal with Charter suggests Son is increasingly desperate to find a deal that could rescue the flagging company, which has suffered deep subscriber losses and poor financial performance.

News of the potential deal appeared to lift investors' hopes; shares of Sprint surged in after-hours trading Friday.

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