Telecoms Down; Verizon Earnings to Set Tone for Sector -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies fell amid bets Verizon Communications' stumbles would set the tone for earnings season. Competition among wireless providers has intensified in recent quarters, with T-Mobile US and others poaching customers by slashing prices on data offerings.

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The U.K. government's decision to hold snap parliamentary elections in June will delay by a month the regulatory-review process for 21st Century Fox's $15 billion bid to buy the 61% of U.K. pay-television giant Sky that it doesn't already own.

-By Rob Curran,

(END) Dow Jones Newswires

April 21, 2017 17:41 ET (21:41 GMT)