(Telecompaper) Deutsche Telekom, a heavyweight in our European telecoms index, reported last week. Along with it, two of its listed subsidiaries in Greece and Hungary, as well as competitors Freenet and QSC published their Q2 reports. The Italian market was dominated by operators' ongoing adjustments of their pricing, in response to the new reality of having Iliad as a new market entrant. In other news, the European wholesale markets featured, allowing several operators to expand their footprints. Our index ended week 32 down 1.3 percent, slightly outperforming the broader EuroStoxx 50 index's -1.6 percent. Intelsat extended its lead, after a weekly gain of 12 percent, to a year-to-date performance of no less than +622 percent.