Charter rebuffs Sprint's advances: no, thank you, we're with Verizon

Charter rebuffs Sprint's advances: no, thank you, we're with Verizon
Back on Friday, Sprint officially proposed to the cable giant Charter, just as rumored. With talks already a few weeks in, and a deal with T-Mobile eventually put on the backburner because of them, the merger with Charter would have created a huge conglomerate that was supposed to be headed by Sprint's owners SoftBank. 

Today, however, we learn that the talks have fallen through over the weekend, or maybe Charter is playing hard to get, but, in any case, it issued a presser on Sunday that reconfirms its commitment to Verizon. As per Charter's spokesman Alex Dudley:


The Wall Street Journal reports that SoftBank could still go ahead and make an official offer to acquire Charter, but, given the size of the cable company, that would be much harder to pull off. Comcast already said it isn't interested in a Sprint merger, while T-Mobile is doing fine in its own right, adding subs and turning profits, so Sprint's advances might be turned down there as well, leaving the carrier with little options for now.

source: WSJ  

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1 Comment

1. CliftonMorris

Posts: 1; Member since: Jul 31, 2017

Last time Sprint was profitable was in 2006. Since those days, it divested of home phone and Embarq, long distance, and turned off it's cash cow network, Nextel. Nextel was an interesting company because it did at one point in time have the highest-paying customers in the industry. Sprint doesn't do it's engineering in-house anymore either. Today, it has to hire Ericsson in Sweden to design the network. Lots of outsourcing usually means managers have trouble leading people. Still, it looks like a loosing deal for anyone who wants either high-quality service or the investors who want to reward companies for investment into the future. To compare, and today, Sprint is offering a rateplan to new customers (and I use the term 'customer' very liberally) where the monthly price for Sprint's unlimited service is free. Desperate times at Sprint call for desperate promotions when the network is only able to provide 4MB speed at my house. I wonder why Sprint thinks it needs to buy something rather than fix its aging network, but let's face facts. Rumors of mergers like these take the focus off of how terrible Sprint's service actually is. With the focus not on its network, it doesn't have to develop plans for upgrading or fixing its terrible 4mb/second data speeds on LTE. Perhaps another thing Sprint could do is change it's marketing tagline to include the "Sad Trombone" sound. They can include the sound in all their ads, and people will remember what Sprint is. As for Charter, I'm impressed with their service in Los Angeles. $40/month for 100MB speed is better than what the phone company can offer. In LA, there's a lot of road work going on to install new fiber and new cable lines everywhere.

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