Telecoms Rise Amid Defensive Rotation -- Telecoms Roundup

Shares of telecommunications companies rose as trades sought out defensive sectors in light of geopolitical shocks and mixed earnings reports.

AT&T ticked down after The Wall Street Journal reported that the government review of its $85 billion takeover of Time Warner has reached an advanced stage, quelling concerns that the Trump administration might block a deal that is fraught with business risk for AT&T.

Separately, Reuters reported the telecom giant is considering a sale of its Digital Life home-security unit.

Rob Curran,

(END) Dow Jones Newswires

August 18, 2017 17:31 ET (21:31 GMT)