Telesat (NASDAQ: TSAT) shares saw significant intraday volatility, swinging from a low of $48.52 to a high of $52.00 before settling modestly lower.
Scotiabank cut its price target on América Móvil (NYSE: AMX), citing diminished global risk premiums for Latin American telecom stocks.
Grupo Televisa (NYSE: TV) shares rose in regular trading, supported by a fragile U.S.-Iran truce and declining oil prices that eased macro headwinds for emerging-market assets.
IDT Corporation's (NYSE: IDT) CFO Marcelo Fischer sold 23,323 Class B shares at approximately $56.98 on June 26, totaling roughly $1.3 million.
Rocket Lab's (NASDAQ: RKLB) definitive agreement to acquire Iridium Communications (NASDAQ: IRDM) for approximately $8 billion has become the central reference point for consolidation speculation across the satellite sector.
Charter Communications (NASDAQ: CHTR) shares advanced amid reports of high-level talks between the company and SpaceX (NASDAQ: SPCX) regarding a potential Starlink partnership.
Cogent Communications (NASDAQ: CCOI) closed a $225 million cash sale of 10 data center facilities to an entity sponsored by I Squared Capital.
Optimum Communications' $300 million tender offer was priced at $2.50 per share, far above the stock's current trading price, creating sharp unwinding pressure once the offer expired.
Optimum Communications carries more than $26 billion in long-term debt, a substantial burden that continues to shape investor perception of the company's financial flexibility.
William Blair downgraded Iridium Communications (NASDAQ: IRDM) to Market Perform shortly after Rocket Lab's (NASDAQ: RKLB) $8 billion acquisition agreement was announced.