Shares of telecommunications companies rose after a strong earnings report from an industry giant.
AT&T shares rallied after it posted earnings growth despite subscriber losses, helped by a trend among customers to bundle services. The results vindicated the telecom giant's strategy of fending off price competition in cell-phone service by diversifying its portfolio of businesses, AT&T has acquired companies such as satellite television provider DirecTV and cross-sold other services to the acquired customers.
-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
July 26, 2017 17:35 ET (21:35 GMT)