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

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(Telecompaper) 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.
Source: Industry News (syndicated from Telecompaper.com)

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