Charter Communications became the second-biggest cable company in the U.S. after consummating its years-long flirtation with Time Warner Cable in a merger last year. Stock price for the combined company, which this year rebranded its services under the Spectrum banner, has risen nearly 30% since January. In the midst of telecom consolidation, Charter has been the consistent subject of acquisition rumors—reportedly catching the eye of Verizon, Sprint, and France’s Altice. It’s likely the company will wait to see how its own mobile offering, slated to debut next year, fares before listening to offers from carriers.
Looking for leads, investment insights, or competitive intelligence?
News about Charter Communications
The deal, announced on Sunday, would combine two of the four biggest wireless carriers in the U.S.
Cheaper Internet TV packages are flourishing, though.
All the details we know so far.