Last week in telecoms: feeling the impact of 5G auctions and new entrants

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(Telecompaper) Spectrum auctions, 5G and new entrants dominated the news in week 50. It resulted in a drop for the Telecompaper European telecoms index of 1.1 percent, versus a gain of 1.1 percent for the EuroStoxx 50 index. Polish Play (+12%) came out strongest last week, followed by Megafon (+8.1%) and Kcom (+8.0%). Three micro caps, Forthnet (-25%), Go Internet (-15%) and Tiscali (-9.4%), featured at the bottom end. The index heavy weights, Deutsche Telekom (-0.1%) and Vodafone (-1.3%), were in negative territory as well.
Source: Industry News (syndicated from Telecompaper.com)

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