Telecoms Rise on AT&T Earnings -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies rose after a strong earnings report from an industry giant.

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AT&T shares rallied after it posted earnings growth despite subscriber losses, helped by a trend among customers to bundle services. The results vindicated the telecom giant's strategy of fending off price competition in cell-phone service by diversifying its portfolio of businesses, AT&T has acquired companies such as satellite television provider DirecTV and cross-sold other services to the acquired customers.

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

(END) Dow Jones Newswires

July 26, 2017 17:35 ET (21:35 GMT)