Wireless carrier Sprint, which has been publicly on the lookout for merger partners since April, can’t seem to find any takers.
Sprint on Friday proposed a full merger with cable giant Charter Communications that would create a media and communications giant. The tie-up would have gone a step further than typical Mobile Virtual Network Operator (MVNO) deals, which allow telecom and cable providers to resell wireless services from another carrier. Sprint majority-owner SoftBank Group was seeking control over the newly-combined company.
Charter on Sunday night declined SoftBank’s offer.