NEW YORK (TheStreet) -- Sprint (S) - Get Report stock closed lower by 2.05% to $4.30 on Friday, after the company's CEO said a merger with a cable company would make Sprint stronger.

If Sprint merged with a cable company, it would become "a stronger and more formidable competitor," CEO Marcelo Claure told Reuters on Thursday.

"But there's absolutely no discussion," he added.

Claure was being asked about the recent acquisitions in the industry, such as Altice's (ATSVF) $17.7 billion acquisition of Cablevision (CVC) .

"It seems like everybody now wants to get into wireless which puts Sprint in a very good position," Claure told Reuters. "So I think the next few months or years are going to be very active in this industry. I think it's going to be exciting times ahead in terms of consolidation but we don't have any conversations with anybody."

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