Jason Armstrong News
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Cablevision Systems Corp. is making a habit of disappointing investors with its earnings results.
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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.
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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.
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Deutsche Telekom AG agreed to combine its T-Mobile USA unit with MetroPCS Communications Inc., doubling down on the U.S. wireless industry after a failed effort to sell the business to AT&T Inc. last year.
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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.
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MetroPCS Communications Inc. , the pay- as-you-go U.S. wireless provider, jumped the most in nine months after reporting first-quarter subscriber additions that beat some analysts’ estimates.
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Verizon Wireless, the largest U.S. wireless provider, will probably say sales of Apple Inc.’s iPhone dropped when it reports second-quarter results, a Goldman Sachs Group Inc. analyst said.
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Comcast Corp., the largest U.S. cable company, fell after reporting its 20th consecutive quarterly decline in video subscribers following price increases.
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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.
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Sprint Nextel Corp., the third- largest U.S. wireless carrier, rose the most in more than a month after Chief Executive Officer Dan Hesse said the company would probably play a role in future consolidation.
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