Last week in telecoms: Italian auction takes a toll and Intelsat roaring ahead

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(Telecompaper) Last week’s telecoms news was dominated by two spectrum auctions, one in Finland and one in Italy. It resulted in generally lower share prices, with quite a few stocks hitting a year low. Our European telecoms index lost 1.6 percent in week 40, the same as the EuroStoxx 50 index. But it didn’t prevent Intelsal from reaching a new all-time high and a year-to-date gain approaching 900 percent.
Source: Industry News (syndicated from Telecompaper.com)

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