Communications Services Up As Traders Hedge On Growth Prospects - Communications Services Roundup

Communications services companies ticked up as traders hedged their bets on the outlook for growth in the sector.

Carriers AT&T and Verizon Communications said they will limit some of their fifth-generation wireless services for six months while federal regulators review the signals' effect on aircraft sensors, an effort to defuse a conflict that has roiled both industries.

Charter Communications disclosed that Chairman and Chief Executive Thomas Rutledge sold 88,000 of the broadband Internet company's shares in the open market over the past two days, to raise about $59.4 million.

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(END) Dow Jones Newswires

11-24-21 1722ET