Actionable news
All posts from Actionable news
Actionable news in CHTR: Charter Communications, Inc.,

Charter Is Cool to SoftBank's Sprint Plan, Still in Talks

  • Son is said to pitch deal to combine cable, wireless companies
  • Exclusivity in Charter-Comcast-Sprint talks expired last week

Charter Communications Inc. is cool to Japanese billionaire Masayoshi Son’s proposal to combine with his Sprint Corp., though talks remain active, according to a person familiar with the matter.

Son, who is Sprint Corp.’s chairman, proposed a cash and stock merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified discussing private information. The idea called for the creation of a new publicly traded company that would combine Sprint and Charter and be controlled by Son’s SoftBank, the people said.

That new combined company would then attempt to buy T-Mobile US Inc., according to one of the people.

Cable and wireless carriers have been circling each other as more consumers watch video and access the internet on mobile devices. By combining, companies like Charter and Sprint could offer a full suite of telecommunications services to customers, from home broadband internet to wireless plans, and compete head-to-head with the packages sold by phone giants AT&T Inc. and Verizon...