Verizon is reportedly exploring combination with Charter
AT&T bought DirecTV for $48.5 billion in 2014 and now it looks like another wireless carrier is interested in getting into the television business. The Wall Street Journal reports that Verizon is exploring a combination with Charter Communications that would bring together millions of customers from the two companies. Charter and Time Warner Cable merged in 2016, a year after the two sides announced a $55 billion deal.
WSJ explains that talks between Verizon CEO Lowell McAdam and Charter officials are preliminary and that a deal might not happen. It’s also unknown if Charter is even open to a combination agreement. If something does materialize between the two companies, it would bring together Verizon’s 114 million wireless customers with Charter’s television audience of 17 million subscribers and a broadband business that counts 21 million. We reached out to Verizon for a comment on the matter and we will update this post when we hear back.
AIVAnet 