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General

Last week in telecoms: M&A developments at TIM, Forthnet, others boost TP stock index

Monday 9 April 2018 | 08:01 CET | News
The European telecoms sector had a positive week. The Telecompaper telecoms index rose by 1.1 percent during week 14, just shy of the EuroStoxx 50's gain of 1.4 percent. Satellite company Intelsat (+36%) and Greek challenger Forthnet (+18%), a takeover candidate, were the biggest winners. TIM (+11%) benefitted from an ongoing battle for its management, with CDP buying a 5 percent stake and Elliott raising its stake to 10 percent.

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Categories: General
Companies: 3 UK / BT / CityFibre / Disney / DNA / Elisa / Eutelsat / Forthnet / Inmarsat / Intelsat / Iridium / KPN / Masmovil / NextGenTel / O2 UK / Orange / Orange Belgium / SES / Sky / Swisscom / TDC / Telefonica / TIM / Veon / Vodafone / Voo
Countries: Europe
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