Telecom stocks fall after Comcast unveils spin-off plans
Yesterday 16:34
BUZZ-Telecom stocks fall after Comcast unveils spin-off plans ** Shares of U.S. telecom companies fall after Comcast CMCSA.O unveils plans to spin off NBCUniversal and Sky; CMCSA gains 7.3% to $24.85
** Verizon VZ.N falls 7.4% to $43.08; AT&T T.N dips 5.9% to $21.37, T-Mobile TMUS.O slides 5.6% to $172.49
** Charter Communications CHTR.O gains 11.4% to $149; Bloomberg News reported last week co was exploring a mobile phone partnership with SpaceX in the U.S.
** CMCSA's proposed spinoff will create one company anchored by Comcast's cable, wireless and business services arm
** The other will be built around Universal theme parks, film and TV studios, NBC, Peacock and the European media business Sky
(Reporting by Anzar Mehraj in Bengaluru)
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