Telecoms Up, But Not By Much, On Cyclical Move — Telecoms Roundup – Fox Business

Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically sensitive areas.

In a highly unusual move, China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, late last week filed a petition for Indian carrier Reliance, also known as RCom, to be d…