Telecoms Up As Traders Play Defense -- Telecoms Roundup

FeaturesDow Jones Newswires

Shares of telecommunications companies rose as traders rotated back into defensive areas in a wave of risk aversion.

Swedish telecommunications-equipment maker Ericsson said it expects to write down another 14.2 billion Swedish kronor ($1.77 billion) in assets, as it struggles to reorient itself amid major challenges from new competitors such as China's Huawei.

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--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 16, 2018 16:49 ET (21:49 GMT)