Sprint CEO says ma­jor deal or merger likely

Austin American-Statesman - - BUSINESS - By Mark Davis The Kansas City Star

Sprint CEO Marcelo Claure said the com­pany is close to an an­nounce­ment about its fu­ture and that he ex­pects it to in­clude a merger or other deal.

“We’ve had enough con­ver­sa­tions to start mak­ing choices soon,” Claure said dur­ing a con­fer­ence call with re­porters.

His com­ments came after Sprint an­nounced its first quar­terly profit in three years, earn­ing $206 mil­lion in April, May and June.

Claure said Sprint and its par­ent com­pany, Toky­obased SoftBank Group Corp., have been in talks with many po­ten­tial part­ners and that the list in­cluded wire­less ri­val T-Mo­bile US and its par­ent firm, Ger­many-based Deutsche Telekom.

He specif­i­cally dis­pelled as “not fac­tual” pre­vi­ous un­con­firmed re­ports that Sprint had bro­ken off talks with T-Mo­bile to pur­sue ex­clu­sive talks with ca­ble com­pa­nies Char­ter Com­mu­ni­ca­tions and Com­cast.

Other talks have in­volved com­pa­nies not in the wire­less in­dus­try, Claure said, adding that he ex­pected a deal in the near fu­ture.

“We should be able to strike a deal with one of the dif­fer­ent play­ers,” Claure said.

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