Shares of telecommunications companies edged lower.
Private-equity firm KKR & Co. has pitched a takeover offer for Australian telecommunications company Vocus Communications Ltd. valued at about 2.18 billion Australian dollars (US$1.64 billion). The offer comes as the country's telecoms providers face an increasingly competitive market and a changing landscape as the government rolls out a nationwide broadband network.
Amy Pessetto, firstname.lastname@example.org
(END) Dow Jones Newswires
June 07, 2017 17:54 ET (21:54 GMT)