Jason Armstrong, a 13-year veteran of Goldman Sachs Group Inc. who oversaw analysis of phone and cable companies, is leaving to become Comcast Corp.’s head of investor relations, according to a person with knowledge of the matter.
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.
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.
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.
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.