Shares of telecommunications companies rose as traders bet the launch of the "5G" data network would open up new business lines.
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Verizon Communications, for example, said it would compete with broadband service provider by offering high-speed wireless Internet service directly to homes. "Verizon's initial fixed wireless implementation seems clunky and it withheld its pricing strategy," said analysts at brokerage Nomura Securities, in a note to clients. "Nevertheless, we find the rapidly declining cost of mobile data, including on LTE, to be compelling over time."
Hollywood studio STX Entertainment, a relatively new entrant that has produced the "Bad Moms" movies among others, may receive a $35 million investment from John Malone's Liberty Global that values the studio at $1.37 billion, The Wall Street Journal reported.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
November 30, 2017 16:43 ET (21:43 GMT)