A while back, Sprint and T-Mobile were in talks to merge but that did not happen despite both companies seemingly wanting it to happen, but now it looks like Sprint could have a new target in their sights. According to a report from Fox Business, it seems that Sprint has entered into talks with Charter Communications and Comcast.
Ultimately what this means is that the carrier’s plans to potentially merge with T-Mobile has been put on hold. The report claims that Sprint and the cable companies have entered into a two month exclusive agreement for discussions about a deal that will run through late July, although we’re not sure what this could mean for the merger with T-Mobile.
This deal could see Charter and Comcast invest in Sprint to help improve its network in exchange for offering more favorable terms for wireless service when using Sprint’s network. An alternative is that both cable companies could acquire Sprint together, but it seems that would be a less likely scenario.
It is interesting that Sprint could have put talks with T-Mobile on hold. Like we said, both companies have wanted the merger to happen since a few years ago, and in recent times even T-Mobile’s CFO said that such a merger could make sense with reports claiming that the plans to merge both companies were already underway, but either way since nothing official has been announced yet, take it with a grain of salt.