Telecoms Down As Traders Await Merger Developments -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies ticked down as traders awaited further information on pending mergers.

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U.S. broadcaster CBS plans to buy Australian rival Ten Network Holdings out of bankruptcy, beating out a bid from Australian media moguls Bruce Gordon and Lachlan Murdoch. Mr. Murdoch is co-chairman of News Corp, which owns Wall Street Journal publisher Dow Jones.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

August 28, 2017 17:03 ET (21:03 GMT)