WASHINGTON (MarketWatch) - Telecommunications stocks fell sharply in Monday trades amid continued uncertainty about the health of U.S. and global financial markets. AT&T Inc. and Verizon Communications Inc. both declined around 2%. Smaller carriers such as Leap Wireless International Inc. and U.S. Cellular Corp. fell more sharply. Leap was down 7% and U.S. Cellular slid 6%. Among equipment makers, Nortel Networks Corp. shed 10% and Alcatel-Lucent tumbled 8%. ...
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