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Last week in telecoms: private equity taking out Manx Telecom, 5G and Italy remain hot
2019-03-18 07:00:00| Telecompaper Headlines
(Telecompaper) Manx Telecom may be a small operator, its takeover by Basalt Infrastructure Partners was last week's biggest news. It adds to the growing number of constituents that we may have to drop from our Telecompaper Stock Index European Telecoms as a result of M&A activity. The Manx share ended the week up 15 percent. The TPSI European Telecoms gained 3.2 percent, benefitting mostly from the heavyweights making gains: Deutsche Telekom (+4.0%), Vodafone (+4.9%), Telefonica (+3.0%) and Orange (+4.4%). They currently represent 11.8, 7.1, 6.9 and 6.2 percent of the index, which managed to stay just ahead of the EuroStoxx 50 index (+3.1%).
Tags: private
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Category:Telecommunications