Wednesday, July 29, 2015

Will Comcast buy Sprint?

Is Comcast saving up to buy Sprint to better compete with video-Internet-phone rivals like Verizon?

Will Comcast buy Sprint?

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"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."

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About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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