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General

Last week in telecoms: Sky benefits from bidding war for Fox, DT hit by job cuts

Monday 25 June 2018 | 07:52 CET | News
The majority of the stocks in our European telecoms index ended week 25 down (-0.2%), but not quite as much as the EuroStoxx 50 index (-1.8%). Several satellite stocks did well, including Inmarsat (+15%) and SES (+4.9%). Altice (+4.6%) was forced to abandon its Media Capital takeover deal, but was able to conclude the sale of stakes in its French and Portuguese tower businesses. The Greek challenger Forthnet (-15%) was the weakest stock, with Russia's MTS (-7.%) and Orange Belgium (-7.8%) also down considerably. Crnogorski Telekom (+11%) of Montenegro came out as the week's winner.

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Categories: General
Companies: 21st Century Fox / Altice Europe / CityFibre / Comcast / Crnogorski Telekom / Deutsche Telekom / Disney / DNA / Elisa / Forthnet / Iliad / Inmarsat / Intelsat / MegaFon / MTS / Proximus / SES / Sky / Telenet / Telenor / TIM / T-Systems / Veon / Vodafone / Voo
Countries: Europe
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