Time Warner, Sprint eye cellular deal

/ Source: The Associated Press

Time Warner Cable is reportedly working with Sprint Corp. on a deal that would allow the cable provider to offer cellphone service on a trial basis next year.

The deal would put the unit of Time Warner Inc. in a class all its own as the only major cable company to offer cellular service, and would give the two companies stakes in television, high-speed Internet access and wired and wireless phone service, The Wall Street Journal reported Wednesday.

Representatives from both companies confirmed that talks are underway but would not say if a deal was imminent, as the newspaper reported.

The service would be limited to Kansas City, Mo., in the first quarter of 2005, but could expand.

Time Warner is the country's second-largest cable operator with nearly 11 million subscribers.