MetroPCS Communications Inc
Clearwire shares rose 28 percent after MetroPCS Chief Financial Officer J. Braxton Carter told an investor conference a deal with Clearwire could help his company fill a shortfall in its wireless spectrum holdings.
We think that we might be uniquely positioned to maybe do something with Clearwire, Carter said, noting MetroPCS could forge a wholesale agreement to use Clearwire spectrum in major metropolitan markets.
But Carter said he was looking at all options and also mentioned AT&T Inc
Carter's comment was source of relief for investors in Clearwire, which has most recently been subject to bankruptcy speculation triggered by comments from its biggest client and shareholder Sprint Nextel Corp
MetroPCS shares rose 43 cents or 5 percent to $8.96 after Carter's presentation. Clearwire shares rose 36 cents to $1.66 on Nasdaq after the comments. Sprint shares were up 23 cents or almost 9 percent at $2.80 on New York Stock Exchange.
(Reporting by Sinead Carew; editing by Andre Grenon)