Last week in telecoms: sector slightly underperforms market, fibre joint ventures in focus

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(Telecompaper) The European telecoms sector slightly underperformed the general market in week 45. Our index ended the week up 0.3 percent, versus a gain of 0.5 percent for the EuroStoxx 50 index. MasMovil (-14%), buying back shares in a capital hike, was the week’s weakest share. Freenet (-12%) responded negatively to its third quarter results. Inmarsat (-10.0%) was also weak on results, despite upgrading its full year outlook. MTS (+39%) was the week’s winner, followed by Forthnet (+26%). We said goodbye to Com Hem (acquired by Tele2) and Sky (now part of Comcast) and added Gamma Communications, a challenger on the business market in the UK and the Netherlands, to our index.
Source: Industry News (syndicated from Telecompaper.com)

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