Telecoms Up As Deal Activity Continues -- Telecoms Roundup

FeaturesDow Jones Newswires

Shares of telecommunications companies rose as deal activity continued.

Canadian cable company Cogeco Communications agreed to buy the MetroCast cable system for $1.4 billion, expanding its footprint in the U.S. market.

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Among other deals in recent history, French cable giant Altice entered the market with its acquisition of Cablevision, which was followed by the initial-public offering of its U.S. unit.

Frontier Communications is struggling to increase subscribers to Internet services it acquired from Verizon.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 10, 2017 16:39 ET (20:39 GMT)