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Communications Services Flat as Streaming Wars Move to Devices - Communications Services Roundup

Communications services companies were more or less flat as traders hedged their bets on the implications of intensifying competition. Shares or streaming-video device maker Roku fell sharply after reports that Comcast and Facebook were mounting new competition. Comcast plans to provide Internet-only customers a free streaming device. Facebook, meanwhile, said it is launching a new set-top version of its Portal device as it enters the competitive field. Altice USA traded at a two-year high after the company's chief executive said he would be "absolutely open" to acquisition overtures, when asked if he would entertain offers.

 

-Rob Curran, rob.curran@dowjones.com

 

(END) Dow Jones Newswires

September 18, 2019 17:11 ET (21:11 GMT)

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