U.S. cable operator Charter Communications (CHTR, +0.92%) said on Sunday it was not interested in acquiring U.S. wireless carrier Sprint Corp, leaving the latter’s majority owner, SoftBank Group (SFTBY, -0.67%), pondering how to orchestrate a merger.
A merger of Charter and Sprint would create a telecommunications powerhouse, providing a one-stop shop for customers looking for internet and mobile phone services, and giving the combined company a stronger footing in creating the infrastructure required for so-called 5G wireless technology.
