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.
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. 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.
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.