Sprint CEO Claure says that the carrier would be stronger if merged with a cable company

Sprint CEO Marcelo Claure told Reuters on Thursday, that the nation’s fourth largest carrier would be a much tougher challenger to Verizon, AT&T and T-Mobile if it were merged with a cable company. The recent acquisition of Cablevision doesn’t leave any more strong acquisition candidates in the industry, so telecommunication companies have no choice but to look at merging with wireless carriers if they want to get larger.

Sprint is 82% owned by Japan’s SoftBank Group, which out bid Dish Network to buy a 78% stake in Sprint back in July 2013. The value of the transaction was $21.6 billion. …

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