Telecoms Up, But Not By Much, On Cyclical Move -- Telecoms Roundup

FeaturesDow Jones Newswires

Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically sensitive areas.

In a highly unusual move, China Development Bank, a policy bank which often helps fund Chinese companies' investments overseas, late last week filed a petition for Indian carrier Reliance, also known as RCom, to be declared insolvent.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 28, 2017 16:34 ET (21:34 GMT)