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Last week in telecoms: M&A developments at TIM, Forthnet, others boost TP stock index

2018-04-09 08:01:00| Telecompaper Headlines

(Telecompaper) The European telecoms sector had a positive week. The Telecompaper telecoms index rose by 1.1 percent during week 14, just shy of the EuroStoxx 50's gain of 1.4 percent. Satellite company Intelsat (+36%) and Greek challenger Forthnet (+18%), a takeover candidate, were the biggest winners. TIM (+11%) benefitted from an ongoing battle for its management, with CDP buying a 5 percent stake and Elliott raising its stake to 10 percent.

Tags: index week stock tim

Category:Telecommunications

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