Constitution Communications claims it has “no interest” in merging with Dash, immediately after the Wall Road Journal documented that Dash experienced proposed a offer. The proposed merger would have mixed Dash and Constitution into a new publicly traded entity managed by SoftBank, which currently controls a the greater part stake in Dash.
If it experienced arrive to fruition, the offer could have supplied Dash far more leverage in its ongoing merger discussions with T-Cell. In an email to WSJ, on the other hand, Constitution spokesman Alex Dudley explained that Constitution would dangle on to its present-day cellular virtual network operator offer with Dash rival Verizon.
“We understand why a offer is attractive for SoftBank, but Constitution has no fascination in attaining Dash. We have a extremely very good MVNO marriage with Verizon and intend to start cable shoppers up coming yr,” Dudley wrote. (Disclosure: Verizon owns Oath, which in transform owns TechCrunch).
As a person of the premier cable corporations in the U.S., Constitution is in need as an acquisition focus on by telecom corporations. Previously this yr it also reportedly turned down an offer from Verizon. TechCrunch has contacted Constitution and Dash for comment.
Showcased Image: Brian van der Brug / Contributor/Getty Pictures