Shares of telecommunications companies fell slightly, as traders hedged their bets on the outlook for deals and regulation in the sector. Advertising conglomerate Interpublic Group of Cos entered advanced talks to buy Acxiom's data-marketing unit in a deal that could top $2.2 billion, The Wall Street Journal reported. Shares of Chinese telecom-equipment company ZTE remained under pressure even after reports that congressional resistance to a ban on U.S. use of ZTE products was fading. 21st Century Fox shares ticked down after a long runup on prospects of a bidding war between Walt Disney and Comcast for much of the conglomerate's assets.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 02, 2018 17:03 ET (21:03 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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