US, European telecom stocks slide
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SpaceX announced the spectrum deal Thursday, as the company aims to push deeper into the telecom market through its Starlink service.
Dow rises 423 points as all three major US indexes post weekly gains. Tech stocks rebound after a sell-off tied to OpenAI revenue concerns. Telecom shares slide as SpaceX's spectrum deal raises competition concerns.
SpaceX (SPCX) could need to build a ground-based mobile network to compete with established U.S. telecom operators following its latest spectrum acquisition, JPMorgan said on Frid
Telecom companies often have recurring monthly cash flows, making them attractive defensive investments and reliable sources of dividend income.
US stock futures advanced Friday, October 9, as technology shares rebounded from Thursday’s losses and oil prices declined. Nasdaq-100 futures led the gains fol
European stocks recovered on Friday as oil ‌prices eased on hopes of a pause in the Middle East war, while telecom stocks slid after SpaceX's deal to acquire a ​nationwide spectrum portfolio caused ripples in the sector.
China Telecom stock last traded at HKD 4.68 on HKEX on October 9, 2026 at 4:08 p.m. HKT, up 3.54 percent versus the prior close of HKD 4.53. The price was 23.03 percent below the
AT&T, Verizon, and T-Mobile are having a nightmarish end to the week, but it could be a chance to buy their beaten-down shares.