Communications Up in Anticipation of Deal Activity — Communications Services Roundup

Communications services companies rose as traders rotated into the sector in anticipation of more merger activity.

Comcast hovered near recent highs, as traders awaited details of its purported spinoff plans.

Charter Communications lost 110,000 internet customers in the latest quarter, far fewer than analysts were expecting, in light of the tough stretch for broadband operators over recent quarters.

Globalstar stock rose sharply after the satellite company disclosed an expanded agreement with iPhone maker Apple that could see its revenue double next year.

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