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› Last week in telecoms: sector underperforms the market, TDC shines on Macquarie offer, TalkTalk extends downtrend
Last week in telecoms: sector underperforms the market, TDC shines on Macquarie offer, TalkTalk extends downtrend
2018-02-12 08:53:00| Telecompaper Headlines
(Telecompaper) Last week's telecoms stock performance was almost completely overshadowed by the general market correction. Our European Telecoms Stock Index was down 5.8 percent, against -5.6 percent for the Eurostoxx 50 Index. Year to date our basket is down 7.2 percent, underperforming the Eurostoxx 50's -5.1 percent. Very few stock managed to close the week up. TDC (+17.0%) was a shining outperformer on news of a buy-out offer from Macquarie et al. Other stocks in positive territory were Finnish DNA (+1.1%), extending its big gain from the previous week, and satellite group SES +1.8%, having agreed to vacate spectrum for 5G in the US.
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Category:Telecommunications
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