Telecom Stock Roundup: Sprint (S) Partners Scopeworker, ZTE Settlement on Cards

In the last five trading days, telecom stocks declined initially but later witnessed a steep rise as U.S.-China trade concerns abated with both parties signaling to put their differences on hold and continue negotiations to bridge the huge trade imbalance.

Last week, President Trump revealed that the U.

S. administration is mulling a settlement of the trade embargo on ZTE as part of the ongoing trade talks between the two warring countries. This includes a fine of $1.3 billion against ZTE, restructuring of its management and imposition of strict security measures to prevent the theft of U.S. intellectual and national security secrets.