Telecoms Up Only Slightly as Traders Ditch Defensive -- Telecoms Roundup
31 October 2014 - 9:21PM
Dow Jones News
Shares of telecommunications companies rose, but not as much as
the broad market, as traders rotated into more economically
sensitive niches. Hungary's leader on Friday temporarily dropped a
controversial plan to tax Internet traffic, a rare decision to
retreat that came after pressure from mass protests and corporate
opposition. French carrier Altice may make a bid on PT Portugal, as
competition heats up for the Portuguese unit, The Wall Street
Journal reported.
-Rob Curran, rob.curran@dowjones.com