uploads///cable pixabay

T-Mobile-Sprint Merger: Are Charter and Comcast Interested?

By

Jul. 29 2019, Updated 7:44 a.m. ET

T-Mobile and Sprint to divest more assets

T-Mobile (TMUS) and Sprint (S) might divest their wireless spectrum to get the Department of Justice to approve their $26.5 billion merger.

Sprint stock rose 5.29% on May 30 to $7.16 after the discussions. T-Mobile remained almost unchanged at $76.03. Sprint increased over 23% in May.

Article continues below advertisement

Charter and Comcast are interested in spectrum

According to Bloomberg, Comcast (CMCSA) and Charter Communications (CHTR) are interested in the airwaves. They might also take up a potential role as a fourth wireless competitor. Currently, both of the cable operators offer wireless services. Comcast and Charter Communications use Verizon’s network to provide mobile phone services to their subscribers. Comcast and Charter Communications could add to their resources and use the spectrum, divested by T-Mobile and Sprint, to become the fourth wireless network.

Cable companies’ residential video customers

Cable companies, including Charter Communications and Comcast, are facing declining residential video customers due to cord-cutting and competition from low-cost and over-the-top video streaming players in the industry like Netflix and Amazon Prime Video.

Charter Communications posted wider-than-expected net video losses of 145,000 customers in the first quarter—worse than the customer losses of 111,000 in the first quarter of 2018. Comcast reported a loss of 107,000 residential video customers in the first quarter.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.