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Last week in telecoms: Sky (+4.6%) versus Tele Columbus (-4.0%), European telecom basket year-to-date +1.2%

2018-01-29 07:42:00| Telecompaper Headlines

(Telecompaper) The Telecompaper basket of European telecom stocks gained 0.9 percent last week (week 4). Sky (+4,6%) showed the best performance on the back of its semi-annual results and several product announcements. Investors apparently shrugged off the news of the UK regulator's decision to block the planned takeover by 21st Century Fox, on fears of Rupert Murdoch becoming too influential in the UK news business. Telia (+3,5%) also fared well, after reporting Q4 results and plans to sell its Georgian subsidiary.

Tags: week european basket sky

Category:Telecommunications

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