Telecoms Up on Consolidation Views -- Telecoms Roundup

12/07/17 04:56 PM EST

Shares of telecommunications companies ticked up as traders bet the sector would see further consolidation.

The judge who will be overseeing the antitrust trial on AT&T's proposed acquisition of Time Warner has set March 19 as the trial's opening date.

Australian regulators said they won't oppose the merger of News Corp's Fox Sports Australia and Foxtel, another sports network partly owned by News Corp., the publisher of this item.

Shares of 21st Century Fox, which is reportedly weighing the sale of assets, rose sharply.

Protests against the overturning of net neutrality rules are set to occur outside about 700 Verizon Communications stores tonight. Verizon became associated with resistance to net neutrality concept when it sued against an early federal attempt to regulate Internet-access rights.

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

December 07, 2017 16:56 ET (21:56 GMT)

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