Telecoms Gain -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies were higher.

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Dex Media Inc. is nearing a deal to buy rival YP Holdings, as local directory companies continue to consolidate. Dallas-based Dex would pay $600 million for closely held YP and give the company's owners, including private-equity firm Cerberus Capital Management, a 3% stake in the combined company.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 30, 2017 17:57 ET (21:57 GMT)