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› Last week in telecoms: takeovers of KCOM and Forthnet progressing, Tele Columbus makes a recovery
Last week in telecoms: takeovers of KCOM and Forthnet progressing, Tele Columbus makes a recovery
2019-07-08 07:00:00| Telecompaper Headlines
(Telecompaper) The Telecompaper Stock Index European Telecoms Services was up 1.8 percent in week 27, narrowly beating the EuroStoxx 50 index (+1.6%). Ahead of the Q2 earnings season the news flow was mainly limited to a number of mergers progressing. A diverse set of shares made the biggest gains: Greek challenger Forthnet (+16%), German cableco Tele Columbus (+13%), satellite operator Intelsat (+9.9%) and Spanish convergence operator MasMovil (+8.7%). Forthnet, a penny-stock, is closing in on doubling its share price year to date. Tele Columbus is making a remarkable recovery.
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Category:Telecommunications
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