Will Comcast buy Sprint?

"As telco giants AT&T and Verizon move deeper into the TV business, cable giants like Comcast  may have to get into the wireless business to compete. That could eventually involve Comcast buying Sprint Nextel, the No. 3 U.S. wireless carrier," writes Silicon Alley Insider here.

Comcast and Sprint are backing the Clearwire 4G wireless network, and its WiMax system. If Clearwire doesn't connect, and cash-rich Comcast decides it's easier to buy than build, "the most logical deal could be for Sprint, which currently has a $12 billion market cap," Insider says. "It's not a new idea. But it could make sense in the next few years."

Citing a report from Pali Research, the article quotes Comcast CEO Brian Roberts at the annual cable show in Washington yesterday: “Wireless is a conundrum for the cable industry... AT&T and Verizon... are the super elephants. They’ve got all the market share..." He "avoided a clear answer to the question as to whether Clearwire was Comcast’s sole wireless strategy."