Telecoms Up on 5G Optimism -- Telecoms Roundup

FeaturesDow Jones Newswires

Shares of telecommunications companies rose as traders bet the sector would benefit from the buildout of a new generation of cellphone networks.

Axiata Group, Malaysia's largest mobile-phone network operator by market value, saw shares fall after it reported that first-quarter profit was down, hurt by higher depreciation and amortization charges.

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Viacom's cable networks will once more be available to Suddenlink cable subscribers after a distribution deal between Viacom and Suddenlink owner Altice USA, the owner of Suddenlink. Viacom's channels, including Nickelodeon, Comedy Central and MTV, were dropped by Suddenlink in late 2014 because of a dispute over carriage fees.

-Rob Curran,

(END) Dow Jones Newswires

May 25, 2017 16:42 ET (20:42 GMT)