Communications Services Down on Risk Aversion -- Communications services Roundup

Dow Jones

02/26

Communications services companies fell as traders fled risk.

Shares of Zoom Communications slid, registering one of their biggest losses in recent years after the provider of videoconferencing software's earnings lagged Wall Street expectations.

Altice France, the European telecom giant led by billionaire Patrick Drahi, has struck a global debt deal with investors holding more than $25 billion in bonds and loans, one of the largest of a new breed of restructuring transactions.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

February 25, 2025 18:01 ET (23:01 GMT)

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