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

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

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