Telecoms Gain -- Telecoms Roundup

Shares of telecommunications companies were higher.

Dex Media Inc. is nearing a deal to buy rival YP Holdings, as local directory companies continue to consolidate. Dallas-based Dex would pay $600 million for closely held YP and give the company's owners, including private-equity firm Cerberus Capital Management, a 3% stake in the combined company.

-By Rob Curran,

(END) Dow Jones Newswires

June 30, 2017 17:57 ET (21:57 GMT)