Telecoms Down as Migration Out of Defensive Sectors Continues -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies ticked down as a migration out of defensive sectors and into cyclical ones continued. Scandinavian telecom operator Telia said it was selling of 35 million shares, or 5.65% of the issued share capital, in Russia-based MegaFon, reducing its stake in the company to about 20%.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 02, 2017 16:47 ET (20:47 GMT)