Sprint (NYSE:S) is proposing a full-blown merger with Charter Communications (NASDAQ:CHTR), The Wall Street Journal reports. That would be a step above more widely expected cooperation deals where Charter and fellow cableco Comcast (NASDAQ:CMCSA) acted as MVNOs, resellers of Sprint service. Sprint Chairman Masayoshi Son is pursuing the creation of a new publicly traded entity that would encapsulate Sprint and Charter and be controlled by SoftBank (OTCPK:SFTBY), according to the report. Bloomberg's Alex Sherman, meanwhile, says Charter has no interest in a merger with Sprint.

Source: Wall Street Journal July 29, 2017 02:04 UTC