Last week in telecoms: Russian shares under pressure, Intelsat leaps to lead the sector YTD

(Telecompaper) Intelsat (+36%) made a big leap last week on news of a capacity deal with Vodacom. The heavyweights of the European telecoms sector, had a positive week with a1.4 percent gain for Vodafone and +3.7 percent for Deutsche Telekom. The four Russian shares in our index on the other hand suffered heavy losses: Rostelecom (-6%), VEON (-11%), MTS (-12%) and MegaFon (-17%). Greek takeover target Forthnet (-19%) could not hold on to the previous week’s gains. Overall, our telecoms index ended week 15 up slightly (+0.4%), versus a gain of 1.2 percent for the EuroStoxx 50 index. …read more

Source:: TelecomPaper