(Telecompaper) Last week's telecoms news was dominated by two spectrum auctions, one in Finland and one in Italy. It resulted in generally lower shares prices, with quite a few stocks hitting a year low. Our European telecoms index lost 1.6 percent in week 40, the same as the EuroStoxx 50 index. But it didn't prevent Intelsal from reaching a new all-time high and a year-to-date gain nearing 900 percent.