Sprint Enters Into Exclusive Talks With Charter, Comcast On Wireless Deal

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Apparently, Sprint has entered into exclusive talks with Charter Communications and Comcast as the cable companies explore a deal that could bolster their plans to offer wireless service, according to people familiar with the matter. Sprint Chairman Masayoshi Son and the cable firms have entered into a two-month, exclusive agreement for discussions through late July, putting merger talks with T-Mobile US on hold. One arrangement that has been considered is for Charter and Comcast to invest in improving Sprint’s network in exchange for favorable terms to offer wireless service using the carrier’s network. Such a deal could involve the companies taking an equity stake in Sprint. The cable companies already have such a network-resale agreement with Verizon Communications, but the Sprint deal could provide much better terms. While thought to be the much less likely scenario, the talks also include the possibility for the cable companies to jointly acquire Sprint. Sprint has a market value of $32 billion and $32.6 billion of net debt.


Sprint Enters Into Exclusive Talks With Charter, Comcast On Wireless Deal