Independent research firm Sanford Bernstein has discontinued telecom coverage after the departure of its top telecom analyst, Paul de Sa, the company said.
Bernstein said it discontinued telecom coverage at the end of June. It is a federal regulatory requirement that a research firm drop coverage of a sector when an analyst leaves. Bernstein will likely restart coverage when they hire a new analyst. But until then the firm will not cover telecom firms like AT&T and Vearizon Communications, which straddle both the telecom and media sectors.
De Sa joined Bernstein in 2012, after serving three years at the Federal Communications Commission, as chief of the Office of Strategic Planning and Policy Analysis. Prior to joining the FCC in 2009, de Sa was a partner at McKinsey & Co. He has a doctorate in theoretical physics from Oxford University, was a Kennedy Scholar at MIT and a post-doctoral research fellow at Harvard.
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