KPN best performing European telecom stock in 2008
The global financial crisis, which started in the summer of 2007, has left deep marks on stock prices around the world. Many financial companies have lost over half their market value, and few, if any, other sectors have been spared. The telecom sector traditionally counts as an investor safe haven during economically turbulent times, and our assessment shows certain stocks, especially incumbent operators, have outperformed the broader market. KPN was the top performer for the sector. The Western European incumbent operators on the whole managed to do better than the DJ Euro Stoxx 50 index, but alternative carriers fared considerably less well. In this brief we look at the share price performances during 2008 in more detail and link them to the most important developments during the past year.
This is a research product from Telecompaper 2000-2010 ©. All rights reserved. Reproduction or redistribution in any form without prior written permission of Telecompaper is prohibited. Telecompaper sees to the utmost reliability of all research and news publications. Nevertheless Telecompaper does not accept any responsibility for possible inaccuracies.