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Communications Services Down Amid Retreat From Cyclical Sectors -- Communications Services Roundup

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09/29/2020 | 05:30pm EDT

Communications services companies fell as investors retreated from cyclical sectors as hopes of a second round of economic stimulus faded.

Nippon Telegraph & Telephone agreed to buy back the 34% of NTT Docomo it had formally sold to minority investors, in a $40 billion deal that returns control to the Japanese telecommunications giant, and reflects a renewed focus by Docomo on the domestic market.

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


Stocks mentioned in the article
ChangeLast1st jan.
NIPPON TELEGRAPH AND TELEPHONE CORPORATION -1.71% 2210.5 End-of-day quote.-19.82%
NTT DOCOMO, INC. 0.00% 3887 End-of-day quote.27.95%
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