T-Mobile and Sprint to divest more assets
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.
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.