HALISTER: Sprint Enters Talks With Charter, Comcast on Wireless Deal: WSJ

Sprint Enters Talks With Charter, Comcast on Wireless Deal: WSJ

(Bloomberg) -- Sprint enters 2-month exclusive talks through late July with Charter Communications, Comcast to explore wireless deal, WSJ reports, citing unidentified people familiar.
  • Sprint, T-Mobile US merger talks are on hold
  • One arrangement being considered is CHTR, CMCSA to invest in improving S’s network, in exchange for favorable wireless terms
    • This scenario could involve CHTR, CMCSA taking equity stake in S
  • Talks include less likely scenario for cos. to jointly acquire S
  • SoftBank shares fall as much as 1.5% in Tokyo
  • NOTE: In May, Sprint, SoftBank Said in Informal Deal Talks With T-Mobile

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CHTR US (Charter Communications Inc)
S US (Sprint Corp)
9984 JP (SoftBank Group Corp)
TMUS US (T-Mobile US Inc)
CMCSA US (Comcast Corp)

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