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GTT buys KPN's international network for EUR 50 mln

2019-07-08 08:34:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN has agreed to sell its international network to GTT Communications for EUR 50 million excluding cash and debt. The transaction includes the sale of international fibre assets and network points of presence (POPs) in 21 countries.

Tags: international network eur buys


Last week in media: some M&A brewing, Sony rides the Spider-Man wave and Snap extends it year-to-date gain to 176%

2019-07-08 07:00:00| Telecompaper Headlines

(Telecompaper) The media sector outperformed the broader market in week 27. The Telecompaper Stock Index Global Consumer Media was up 2.8 percent for the week, outperforming the S&P 500 (+1.7%). Alphabet's 4.7 percent gain was a big factor, but the biggest winners were a number of broadcasters, including Nexstar (+9.0%), Stingray (+7.3%), Sinclair (+6.9%) and TV Asahi (+6.7%). Snap Inc's winning streak hasn't come to an end yet as the stock was up 6.5 percent last week, for a year to date gain of no less than 176 percent. Electronic Arts was the biggest loser last week, down 7.6 percent and back to levels of last May.

Tags: to media week sony


Last week in telecoms: takeovers of KCOM and Forthnet progressing, Tele Columbus makes a recovery

2019-07-08 07:00:00| Telecompaper Headlines

(Telecompaper) The Telecompaper Stock Index European Telecoms Services was up 1.8 percent in week 27, narrowly beating the EuroStoxx 50 index (+1.6%). Ahead of the Q2 earnings season the news flow was mainly limited to a number of mergers progressing. A diverse set of shares made the biggest gains: Greek challenger Forthnet (+16%), German cableco Tele Columbus (+13%), satellite operator Intelsat (+9.9%) and Spanish convergence operator MasMovil (+8.7%). Forthnet, a penny-stock, is closing in on doubling its share price year to date. Tele Columbus is making a remarkable recovery.

Tags: week makes recovery columbus


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