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Verizon Inc is exploring a combination with cable company Charter Communications Inc, the Wall Street Journal reported, citing people familiar with the matter.
The Verizon logo is seen on one of their retail stores in San Diego, California, U.S. April 21, 2016. REUTERS/Mike Blake/File Photo
Verizon, the No. 1 U.S. wireless carrier, has a market capitalization of $203 billion, while Charter is valued at nearly $84 billion, according to Thomson Reuters data.

 Charter declined to comment, while Verizon did not immediately respond to a request for comment on the report. on.wsj.com/2jVgPf8

 Charter's shares were up 10 percent at $342 in premarket trading on Thursday. Verizon's shares were down 1.6 percent at $49.

 (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)
News Technology

Verizon communication exploring deal with cable company Charter: WSJ

Verizon Inc is exploring a combination with cable company Charter Communications Inc, the Wall Street Journal reported, citing people familiar with the matter.
The Verizon logo is seen on one of their retail stores in San Diego, California, U.S. April 21, 2016. REUTERS/Mike Blake/File Photo
Verizon, the No. 1 U.S. wireless carrier, has a market capitalization of $203 billion, while Charter is valued at nearly $84 billion, according to Thomson Reuters data.

 Charter declined to comment, while Verizon did not immediately respond to a request for comment on the report. on.wsj.com/2jVgPf8

 Charter's shares were up 10 percent at $342 in premarket trading on Thursday. Verizon's shares were down 1.6 percent at $49.

 (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)

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