Last week in telecoms: TIM, Cellnex and German consolidation talk push up telecoms index 3.1%

(Telecompaper) Last week saw a solid performance for the European telecoms sector. Apart from a few stocks, the vast majority ended week 10 up. Double-digit gains were scored by TIM (+15%) and Cellnex (+11%), the former responding positively to news of the company accepting a fixed network spin-off and the latter venturing into the Swiss IoT market. Our European Telecoms Index closed the week up 3.1 percent, just ahead of the EuroStoxx 50 Index (+2.9%).  
Source: Industry News (syndicated from Telecompaper.com)