Telecoms Up Amid Hopes of Subscriber Growth -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies rose amid hopes that smart-phone upgrades will swell subscriber rolls.

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Sprint named longtime telecom and cable executive Michel Combes to serve as its new president and chief financial officer, the company said Thursday.

Weinstein Co. is nearing the end of a sale process in which the embattled independent film studio could go for less than $500 million and its shareholders, including founder Harvey Weinstein, may lose all of their equity, The Wall Street Journal reported.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 04, 2018 16:34 ET (21:34 GMT)