Charter spurns Sprint.
Charter, one of the largest cable companies in the U.S., says it’s not interested in buying wireless carrier Sprint.
Sprint, the fourth-largest carrier in the U.S., is unprofitable and has a lot of debt. According to published reports, Sprint had proposed an acquisition by Charter.
Sprint didn’t answer a request for comment Monday.
Sprint’s CEO has also talked this year about the benefits of combining with T-Mobile, the No. 3 mobile carrier. The two walked away from doing a deal during the Obama administration because of regulatory opposition.