BUZZ-Telecom stocks fall after Comcast unveils spin-off plans

T-Mobile US, Inc.
Comcast Corporation Class A
AT&T Inc
Verizon Communications Inc.
American Tower Corporation

T-Mobile US, Inc.

TMUS

0.00

Comcast Corporation Class A

CMCSA

0.00

AT&T Inc

T

0.00

Verizon Communications Inc.

VZ

0.00

American Tower Corporation

AMT

0.00

** Shares of U.S. telecom companies fall after Comcast CMCSA.O unveils plans to spin off NBCUniversal and Sky; CMCSA gains 7.3% to $24.85

** Verizon VZ.N falls 7.4% to $43.08; AT&T T.N dips 5.9% to $21.37, T-Mobile TMUS.O slides 5.6% to $172.49

** Charter Communications CHTR.O gains 11.4% to $149; Bloomberg News reported last week co was exploring a mobile phone partnership with SpaceX in the U.S.

** CMCSA's proposed spinoff will create one company anchored by Comcast's cable, wireless and business services arm

** The other will be built around Universal theme parks, film and TV studios, NBC, Peacock and the European media business Sky


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