Communications Services Up Amid Deal Activity -- Communications Services Roundup

Dow Jones03-24

Communications-services rose amid deal activity.

Italy's state-controlled postal service Poste Italiane made a $12.5 billion cash-and-stock bid for carrier Telecom Italia, a move that could bring its operations and infrastructure back under government ownership.

A bipartisan pair of U.S. senators introduced legislation to prohibit entities regulated by the Commodity Futures Trading Commission, including prediction-market exchanges Kalshi and Polymarket's U.S. platform, from listing contracts related to sporting events. Shares of sports-betting firms such as DraftKings and Penn Entertainment, which have been under pressure due to competition from the prediction markets, rose in the wake of reports on the legislation.

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

(END) Dow Jones Newswires

March 23, 2026 17:10 ET (21:10 GMT)

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