At the start of last weekend, the Wall Street Journal has published a report stating that Sprint had proposed a merger deal with Charter Communications that would effectively place the combined business entity under the control of Masayoshi Son, the chairman of SoftBank (which is the parent company of Sprint). Charter, however, has said that it is still looking to take full advantage of its existing MVNO deal with Verizon Wireless, and claimed that it is not planning to acquire Sprint.
In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States. Specifically, the two cable TV giants are looking not only to forge a partnership but also make full use of separate mobile virtual network operator deals that both have struck with industry leader Verizon.
Charter Communications’ mega-acquisition of rival cable operators Time Warner Cable (TWC) and Bright House Networks has been given the go signal by the Federal Communications Commission (FCC). In its rather long filing detailing the approval of the deal, the FCC addressed the possibility that this trio of business entities may look to venture into wireless service territory, including introducing a new mobile virtual network operator (MVNO). On top of that, the FCC also gave a rough idea of the companies’ plans to further expand their public Wi-Fi coverage, which could potentially affect other players in the wireless industry.
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