Telecoms Up On Growth Prospects -- Telecoms Roundup

Features Dow Jones Newswires

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, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 30, 2017 16:43 ET (21:43 GMT)