Last week in telecoms: Altice makes a surprise jump and Iliad recovers

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(Telecompaper) Last week, Altice was in the spotlight. Its share price was down 65 percent, but correcting for the Altice USA spin-off, there was in fact a 139 percent leap up from the previous week. Altice managed to bring the Telecompaper European telecoms index into positive territory (+0.3%), as without it the sector would have been marginally down (-0.1%). Altice may have been helped in performing this remarkable leap by news of Arcep’s president no longer opposing market consolidation. Overall, the index outperformed the EuroStoxx 50 index (-1.6%).
Source: Industry News (syndicated from Telecompaper.com)

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