Data Source

TP: Telecom Stock Index Europe

Data Source, published: October 2018

The TP Telecom Stock Index Europe is calculated on a weekly basis. It contains the vast majority of publicly traded telecoms stocks with activities on the European markets. Our benchmark is the general EuroStoxx 50 index. The stocks are weighed based on their market capitalisations at the end of 2017. 

Deutsche Telekom and Vodafone have the largest representations in our index. The majority of the shares can be characterised as microcaps. The combined market capitalisations at the end of 2017 was over EUR 650 billion. At the time, Deutsche Telekom and Vodafone each constituted just over 10 percent of the index. 

Our weekly overview of the share price performances aims to capture all the major developments that are expected to impact the values. For this, we use our own news database. We also keep an eye on the year-to-date performances. 

What is included?

Our index includes local companies as well as companies that are located outside Europe, but with major operations on our continent. The segments covered include incumbents, mobile operators, cable companies, datacenters operators, satellite companies, challengers (like Iliad) and virtual operators (such as 1&1 Drillisch), a tower company (Cellnex) and two conglomerates with telecoms units (the French Bouygues Group and CK Hutchison from Hong Kong). Of course, consolidation and a drive towards convergence make it increasingly hard to distinguish between cable companies, mobile operators, challengers and virtual operators. Iliad and Altice acquiring incumbents only makes matters more complicated. 

One must also keep in mind that several companies are strongly related through large shareholdings, for instance: 

  • Deutsche Telekom, Magyar Telekom, OTE, Hrvatski Telekom and Crnogorksi Telekom 
  • Telefonica and Telefonica Deutschland
  • Orange, Orange Poland and Orange Belgium 
  • Liberty Global and Telenet 
  • Telia and Turkcell
  • Telenor and VEON 
  • Freenet and Sunrise 
  • 1&1 Drillisch, United Internet and Tele Columbus
  • Cyfrowy Polsat and Netia 

In some cases the free float is very limited (for instance O2 Czech Republic, owned 84% by Petr Kellner).

The TP Telecom Stock Index Europe contains more than 70 stocks. During 2018, we had to part with TDC and CityFibre due to takeovers. Com Hem, Sky and Forthnet are set to follow.

Performance of Telecom Stocks

Below you find the Stock data of all Telecom Stocks in Europe. You can use the filters to zoom in on specific companies. 


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