The likelihood of an agreement is high since it would ease antitrust concerns over its merger with T-Mobile.
As per two sources familiar with the matter at hand, Sprint Corp is exploring a partnership with Comcast Corp and Charter Communications Inc. As a result, its offerings could see a significant boost.
Softbank controlled Sprint, has entered into an exclusive negotiations with Charter and Comcast for a period of two months and has put its merger talks with T-Mobile US Inc on hold till the end of July, said sources.
A deal with Sprint would build on a partnership that Charter and Comcast announced last month. The two cable operators have agreed that they would not do deals in the wireless space for a year without each other’s consent.
Already Comcast has unveiled its plans for a wireless service, using its Wi-Fi hotspots and Verizon Communications’ airwaves based on a deal that dates back to 2011.
According to sources, Charter and Comcast are now negotiating a deal with Sprint in order to secure a similar network-resale agreement on better terms.
As per a source a 9 year old deal for a network-resale agreement between Comcast and Sprint was never really activated.
In a related development, one of the sources disclosed that a minority equity investment was also being discussed although that may not be part of any deal.
Comcast, Charter and Sprint declined to comment.
For Sprint, these negotiations are strategic since it sees this potential partnership as increasing the competition in the telecom market, which could alleviate antitrust concerns over its merger with T-Mobile, said a source.
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