KXIP vs KKR Live Score

According to the report, it's unclear whether Charter CEO Tom Rutledge would be open to the deal-Verizon and Charter officials declined to comment on the report.

Last May, Charter vaulted ahead to be the No. 2 cable-television provider behind Comcast Corp., with a $55 billion cash-and-stock deal for Time Warner Cable and a $10.4 billion deal for Bright House Networks, a regional cable TV provider.

Verizon Communications (VZ) stock edged up on Friday while shares of Charter Communications (CHTR) slipped, as some analysts threw cold water on any possible merger of the companies. This is a deal that President Trump said he would block if he won the presidency, which he did, but so far it doesn't look like he will block it. With almost 26 million residential and business customers, Charter claims to be the second largest cable operator in the U.S. Verizon, meanwhile, is the largest provider of wireless services and also offers wireline, Internet and television services.

But not everyone is convinced, including Wells Fargo's Jennifer Fritzsche, who doesn't think buying Charter is the kind of thing Verizon would do.

Charter Communications, meanwhile, has expanded through a merger, completed in May, with Time Warner Cable. JP Morgan already predicted a US telecom consolidation under the more merger-friendly Trump Administration, but saw T-Mobile as the most likely to be part of a major transaction. "We believe a combination of Verizon and Charter is feasible but hard on the financials, but Comcast's overall size and NBC ownership make a deal with Verizon a nonstarter as the regulatory review process would likely be quite hard", JPMorgan analyst Philip Cusick in a note to investors Monday.

For those unfamiliar with Charter, it's a growing company that sells cable TV and broadband subscriptions in local US markets.

More news: Tune In Sunday For Live WWE 'Royal Rumble' Results And Recap

In a disclosure report filed on Jan 26, 2017, The Wealth Management company State Of New Jersey Common Pension Fund D said it has reduced its stake by selling shares in Verizon Communications by 10.85% during the most recent quarter end.

Many Americans still don't have much choice of cable company or internet service provider, particularly at 25mbps speeds which is the Federal Communications Commission's (FCC) definition of "broadband" (i.e., enough speed to stream video or use multiple devices).

The news comes as Comcast says that it plans to launch its own wireless offering in the first half of this year.

AT&T announced an $85 billion bid for Time Warner, CNN's parent, in October. Emerald Acquisition Ltd. purchased a new position in Verizon Communications during the second quarter worth $297,331,000. Asked about the potential for such a deal, McAdam replied that such a combination "makes industrial sense", according to BTIG analyst Walt Piecyk.

Verizon bought out Vodafone Group's (VOD) 45% interest in their wireless joint venture, Verizon Wireless, for $130 billion in 2014. That deal has been held up by disclosures of two major security breaches at Yahoo.

In the event that a deal does in fact go through, it will turn Verizon, America's largest wireless carrier, into a true telecom juggernaut. Verizon Communications's revenue for the quarter was down 5.6% compared to the same quarter past year.


COMMENTS