US wireless stocks have more than halved in value since the beginning of the year, resulting in the ...
US wireless stocks have more than halved in value since the beginning of the year, resulting in the continued weakness of the global telecoms sector. Scott Meech, fund manager at Threadneedle, says the US wireless sector has been the worse sub-sector within global telecoms, with a number of companies putting out profit-warnings, subscriber growth slowing and more competitors now in the market. Meech says: 'Global weakness in telecoms has been driven by a dramatic fall in US wireless stocks. Sprint PCS shares started the year at around $24 and have now dropped to $10.5. Some of the ...
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