Telecoms Tick Down on Rotation Back To Tech - Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies ticked down as traders rotated back into higher-growth tech stocks from defensive areas. Closely held youth-oriented digital-media concern Vice Media secured a $450 million investment from private-equity firm TPG, as it seeks to invest in its scripted entertainment business and other niches.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 19, 2017 16:39 ET (20:39 GMT)