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Telecoms Down; Verizon Earnings to Set Tone for Sector — Telecoms Roundup – Fox Business

Telecoms Down; Verizon Earnings to Set Tone for Sector — Telecoms Roundup – Fox Business

Shares of telecommunications companies fell amid bets Verizon Communications’ stumbles would set the tone for earnings season. Competition among wireless providers has intensified in recent quarters, with T-Mobile US and others poaching customers by slashing prices on data offerings.

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The U.K. government’s decision to hold snap parliamentary elections in June will delay by a month the regulatory-review process for 21st Century Fox’s $15 billion bid to buy the 61% of U.K. pay-television giant Sky that it doesn’t already own.

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

(END) Dow Jones Newswires

April 21, 2017 17:41 ET (21:41 GMT)

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