Shares of telecommunications companies rose as traders bet the sector would benefit from the buildout of a new generation of cellphone networks.
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Axiata Group, Malaysia's largest mobile-phone network operator by market value, saw shares fall after it reported that first-quarter profit was down, hurt by higher depreciation and amortization charges.
Viacom's cable networks will once more be available to Suddenlink cable subscribers after a distribution deal between Viacom and Suddenlink owner Altice USA, the owner of Suddenlink. Viacom's channels, including Nickelodeon, Comedy Central and MTV, were dropped by Suddenlink in late 2014 because of a dispute over carriage fees.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 25, 2017 16:42 ET (20:42 GMT)