Sprint Nextel Corp. supports a network accord between partner Clearwire Corp. and Deutsche Telekom AG’s T-Mobile USA, said Goldman, Sachs & Co. analyst Jason Armstrong , who met with Sprint management yesterday.
Sprint Nextel Corp., poised to potentially acquire the smaller competitors in the U.S. wireless industry, may have success going after a prepaid carrier like MetroPCS Communications Inc., Goldman Sachs Group Inc. said.
Sprint Nextel Corp. climbed the most in more than three months after a Goldman Sachs Group Inc. analyst raised his rating on the shares, projecting fewer subscriber cancellations than in previous years.
MetroPCS Communications Inc., the Texas-based prepaid wireless carrier, rose the most in six weeks after DealReporter said the company has held talks with suitors such as Sprint Nextel Corp. and Dish Network Corp.
Deutsche Telekom AG’s T-Mobile USA agreed to sell the rights to operate 7,200 cellular towers to Crown Castle International Corp. for $2.4 billion, providing cash to invest in the carrier’s U.S. wireless network.