Communications Services Down as Rally Stalls — Communications Services Roundup

Communications services companies ticked down as a rally in the sector stalled.

The SPDR Select Sector Communications Services exchange-traded fund, which tracks the communications services industry group of the S&P 500, is up about 10% since Oct. 27. Investors have been rattled by Telecom Italia shareholder Vivendi’s opposition to investment firm KKR’s buyout of its wire-line business.

Singapore…