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, firstname.lastname@example.org
(END) Dow Jones Newswires
July 10, 2017 16:39 ET (20:39 GMT)