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, email@example.com
(END) Dow Jones Newswires
September 18, 2019 17:11 ET (21:11 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.