Sprint puts T-Mobile talks on hold to negotiate with cable duo, report says

Sprint has put merger talks with T-Mobile US on hold to pursue two months of exclusive talks with cable giants Comcast and Charter Communications, according to a published report.

In a story published Monday night, The Wall Street Journal cited sources it did not identify to say that the two-month window runs through late July, suggesting that Sprint’s cable talks have been underway for about a month.

A Sprint spokesman declined to comment.

Comcast and Charter had agreed in May not to pursue negotiations with other companies without the approval or participation of the other as each explores the possibility of entering the wireless industry. Comcast already has plans to launch wireless service using Verizon’s network under an agreement the companies struck several years ago.

According to the Journal’s report, the cable companies are considering investing in Sprint’s network to improve its performance. The cable companies would receive “favorable terms” to offer their own wireless service on Sprint’s network as part of the arrangement, it said.

Sprint and the cable companies also are considering another possibility in which the two cable giants would buy Sprint, though the Journal said its sources considered this a less likely alternative.

Read more: Kansas City Star


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