Sprint potential partnership with Charter, Comcast

Published on: 27 Jun, 2017

Sprint Corp. (NYSE: S), the US wireless carrier, is in talks with Charter Communications Inc. (NASDAQ: CHTR) and Comcast Corp. (NASDAQ: CMCSA) about a potential partnership to boost the two companies’ wireless services.

Sprint is putting off its merger discussions with T-Mobile US Inc. (NASDAQ: TMUS) to enter a two-month period of exclusive negotiations with Charter and Comcast. The two cable providers agreed to their own partnership last month.

Comcast has already revealed its plans with Verizon Communications Inc. (NYSE: VZ) for a wireless service by using its Wi-Fi hotspots and Verizon’s airwaves. Comcast and Charter are now looking for a similar network deal with Sprint.

The Wall St Journal reported that the two cable operators were in preliminary talks to take an equity stake in Sprint as part of an agreement. The deal would allow Sprint to invest more in its own network. It would also increase competition in the market, which would take pressure off of antitrust concerns over a T-Mobile merger.

Ratings

Ratings
  • 622Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Austin Chiu

Email: Austin@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Related Posts

29 Jun, 2017 594
06 Jul, 2017 876
28 Jul, 2017 1144
02 Aug, 2017 1065

Comments

There is no comment on this article