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Communications Services Down As Investors Brace For Lockdowns -- Communications Services Roundup

11/12/2020 | 05:12pm EST

Communications services companies fell as investors braced for another round of lockdowns.

Shares of Walt Disney, which had surged on Monday's report of vaccine progress, fell sharply amid fears that its theme parks may have to shut down again before the vaccine becomes widely available. Disney shares rallied after the bell, however, when it reported a slimmer than anticipated quarterly loss.

Cellnex Telecom said it has reached an agreement to acquire CK Hutchison Holdings' European tower businesses and assets for an initial investment of about 10 billion euros ($11.78 billion).

The Pentagon is testing how lightning-fast 5G networks could transform warfare, from training and logistics to mission planning and communications to new battlefield tactics like the deployment of drone swarms, The Wall Street Journal reported.

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

(END) Dow Jones Newswires

11-12-20 1711ET

Stocks mentioned in the article
ChangeLast1st jan.
CELLNEX TELECOM, S.A. 0.81% 47.39 Delayed Quote.-4.32%
CK HUTCHISON HOLDINGS LIMITED 1.84% 58.2 End-of-day quote.7.58%
THE WALT DISNEY COMPANY 0.48% 172.26 Delayed Quote.-4.92%
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