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Last week in telecoms: TIM, Kcom, NextGenTel up and earnings season gathers pace

2019-02-18 10:10:00| Telecompaper Headlines

(Telecompaper) The TP Stock Index European Telecoms was up 1.8 percent in week 7, but still trailed the general market, as the EuroStoxx 50 index won 3.4 percent. A number of micro caps made double digit gains (Forthnet 42%, NextGenTel 23%, 3U 15%), but the heavy-weights made limited advances (Deutsche Telekom +0.8%, Vodafone +1.8%). The most eye-catching news from last week was the rumour of Liberty Global (+2.1%), via Virgin Media UK, looking at a possible offer for Kcom (+5.8%). Tele Columbus (-11%) was the week's biggest loser. TIM (+8.8%) was up on news of CDP raising its stake.

Tags: week season tim pace

Category:Telecommunications

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