A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C.

Andrew Harrer | Bloomberg | Getty Images

A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C.

Dow Jones said Thursday, citing people familiar with the matter, that the No. 1 U.S. wireless carrier is exploring a deal with Charter that would unite two giants in search of growth in a rapidly consolidating media and telecom landscape. It is unclear if Charter CEO Tom Rutledge or other top management would be open to a transaction, the report said.

The news comes amid Verizon’s pending acquisition of Yahoo in a $4.8 billion deal, which has been met with hurdles after the search engine company announced two huge securities breaches.

Verizon said Tuesday in its fourth-quarter earnings release that it “continues to work with Yahoo to assess the impact of data breaches.”

— CNBC’s David Faber contributed to this report.

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