Charter has shot down a plan for it to buy Sprint and create a media and telecom giant. "We understand why a deal is attractive for SoftBank, but Charter has no interest in acquiring Sprint," the cable company said in a statement. Related: Comcast and Charter are working together on a wireless offeringSoftBank CEO Masayoshi Son, an ambitious deal-maker, has made no secret of his desire to merge Sprint with another company. But in recent months, reports have linked Sprint with Charter and Comcast (CCV). Charter noted Sunday that it already has a deal with Verizon (VZ, Tech30) to buy data allotments in bulk and resell them as wireless plans under its own brand.

Source: CNN July 31, 2017 04:07 UTC