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June 28, 2017 02:00 am

Comcast and Charter In Talks With Sprint To Offer Wireless Service

According to The Wall Street Journal, Sprint's merger talks with T-Mobile are temporarily on hold while the carrier mulls over a number of potential deals with the United States' two biggest cable companies, Comcast and Charter. While Comcast is already using Verizon's wireless service under their own name, the company may want to use Sprint's network as well. Charter doesn't have a wireless phone offering yet, but the company's CEO indicated last year that it has every intention of launching one. The Verge reports: Such a deal would likely involve the two cable companies making an investment in Sprint, which the carrier would then use to build out its network, generally known to be the worst of the four major phone service providers. The Journal also reports that Comcast and Charter could make a bid to acquire Sprint outright, but it said the outcome was seen as less likely. Though they're usually an unlikely pairing, Comcast and Charter agreed in May to team up when making deals around wireless coverage for a full year. For the most part, both companies have been slowly losing TV subscribers year after year as customers shift over to online services. They see phone service as a new offering that could help to restore growth and lock in subscribers.

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