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General

Last week in telecoms: another disastrous week for Intelsat; European incumbents seeking to list more units

Monday 25 November 2019 | 14:30 CET | News
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Diminishing chances for international satellite operators for a windfall on US 5G spectrum holdings drove Intelsat (-47%), SES (-15%) and Eutelsat (-10%) down for a second straight week. The incumbent operators appear to be looking increasingly at spinning off networks and country operations into listed subsidiaries, including Deutsche Telekom, Orange and Telecom Italia/TIM. The Telecompaper European Telecom Services index was down 0.1 percent in week 47, against a loss of 0.7 percent for the EuroStoxx 50. The German conglomerate 3U was the biggest winner, up 10 percent.

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Categories: General
Companies: A3 / Altice Europe / Cellnex / Deutsche Telekom / Digital Realty / Equinix / Eutelsat / Forthnet / Intelsat / Interxion / Intred / MTS / Orange / Retelit / SES / Telecom Italia / Telesat / TIM / Turk Telekom / Vodafone Italy / Zayo
Countries: Europe
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