Charter Communications says 'no interest' in buying Sprint
U.S. cable operator Charter Communications Inc said on Sunday it was not interested in acquiring U.S. wireless carrier Sprint Corp, leaving the latter’s majority owner, SoftBank Group Corp, pondering how to orchestrate a merger. A merger of Charter and Sprint would create a telecommunications powerhouse, providing a one-stop shop for customers looking for internet and mobile phone services, giving the combined company a stronger footing in creating the infrastructure required for so-called 5G wireless technology. SoftBank Chief Executive Masayoshi Son is considering making an acquisition offer for Charter, which has a market capitalization of $101 billion and another $60 billion in debt, as early as this week, a person familiar with the matter said on Sunday, in what would be by far the Japanese telecommunications conglomerate’s biggest ever deal.
