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General

Last week in telecoms: Russian shares under pressure, Intelsat leaps to lead the sector YTD

Monday 16 April 2018 | 07:30 CET | News
Intelsat (+36%) made a big leap last week on news of a capacity deal with Vodacom. The heavyweights of the European telecoms sector also had a positive week with a 1.4 percent gain for Vodafone and Deutsche Telekom up 3.7 percent. The four Russian shares in our index on the other hand suffered heavy losses: Rostelecom (-6%), Veon (-11%), MTS (-12%) and MegaFon (-17%). Greek takeover target Forthnet (-19%) could not hold on to the previous week's gains. Overall, our telecoms index ended week 15 up slightly (+0.4%), versus a gain of 1.2 percent for the EuroStoxx 50 index.

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Categories: General
Companies: Cellnex / Com Hem / Deutsche Telekom / DNA / Eir / Elisa / Forthnet / Iliad / Intelsat / Masmovil / MegaFon / MTS / Open Fiber / Orange / Rostelecom / Sky / TDC / TIM / Veon / Vodacom / Vodafone
Countries: Europe
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