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Communications Services Up Ahead Of HBO Max Launch -- Communications Services Roundup

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05/22/2020 | 05:23pm EDT

Communications services companies rose as investors bet the sector will adjust to changing media-consumption habits.

Shares of AT&T ticked up ahead of the Wednesday launch of its HBO Max streaming service, which will feature a range of movies, original content and archived shows, comprising the Time Warner studio's competitor to Walt Disney, Netflix and Amazon Prime.

Private-equity firm KKR agreed to invest $1.5 billion in Indian telecommunications company Jio Platforms, joining a group of investors that includes Facebook.

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

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