Verizon to bid for Charter?

Verizon Communications is exploring a merger with cable MSO Charter Communications, reports the WSJ. Verizon, America’s biggest mobile operator, has a market capitalisation of $203 billion (190bn), while Charter is valued at $84 billion, according to Thomson Reuters.

Neither company would comment; Charter’s shares were up 10 per cent at $342 in premarket trading. Verizon’s shares were down 1.6 per cent at $49.

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