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Last week in telecoms: tower companies in focus on Italian consolidation, Liberty Global among biggest winners YTD

2019-02-25 11:00:00| Telecompaper Headlines

(Telecompaper) Inwit, an Italian tower company with a market capitalisation of EUR 4.9 billion, was at the centre of corporate actions, last week. It reported Q4 results and added its business plan for the next three years. The main news however was an expanded network sharing agreement of its majority shareholder TIM (60%) and Vodafone Italia. They plan to inject their 22,000 piece combined tower portfolios to become equal shareholders of Inwit. Other important news came from Telefonica, losing Vivendi as a shareholder, selling its Central American assets and possibly its datacenters. The Telecompaper Stock Index European Telecoms was up 1.9 percent in week 8, outperforming the EuroStoxx 50 index, which was up 0.9 percent. The biggest winners were Forthnet (+26%), Intred (+8.8%), Telekom Austria (+8.7%) and Inmarsat (+8.3%).

Tags: week global companies focus

Category:Telecommunications

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