Telecom Stocks Slide as SpaceX Spectrum Deal Sparks Competition Fears
US and European telecommunications stocks tumbled on Friday after SpaceX’s acquisition of low-band spectrum intensified concerns over competition from satellite-based mobile services. T-Mobile US, Verizon and AT&T fell between 5.5% and 7.4% in premarket...
Italy to Exit MPS Stake Without Affecting Merger Plans
Italy will manage the sale of its remaining 4.86% stake in Monte dei Paschi di Siena (MPS) in a manner that does not interfere with ongoing merger and acquisition activities involving the bank, Economy...