Constitution says it doesn’t wish to merge with Dash

Advertisements:


Constitution Communications says it has “no interest” in merging with Dash, after the Wall Road Journal reported that Dash had proposed a deal. The proposed merger would have mixed Dash and Constitution into a brand new publicly traded entity managed by SoftBank, which at the moment controls a majority stake in Dash.

If it had come to fruition, the deal could have given Dash extra leverage in its ongoing merger discussions with T-Cellular. In an e mail to WSJ, nonetheless, Constitution spokesman Alex Dudley mentioned that Constitution would dangle onto its present cellular digital community operator take care of Dash rival Verizon.

“We understand why a deal is attractive for SoftBank, but Charter has no interest in acquiring Sprint. We have a very good MVNO relationship with Verizon and intend to launch cable customers next year,” Dudley wrote. (Disclosure: Verizon owns Oath, which in flip owns TechCrunch).

As one of many largest cable corporations within the U.S., Constitution is in demand as an acquisition goal by telecom corporations. Earlier this yr it additionally reportedly turned down a suggestion from Verizon. TechCrunch has contacted Constitution and Dash for remark.

Featured Picture: Brian van der Brug / Contributor/Getty Photos

-----

YTM Advertisements:


Supply hyperlink

Désiré LeSage

0 Comments

No comments!

There are no comments yet, but you can be first to comment this article.

Leave reply

Leave a Reply