The Telecompaper European Telecoms Services index was down 1.0 percent over week 44, versus a nearly unchanged EuroStoxx 50 index. Gamma Communications was the biggest winner (+9.2%), MasMovil the biggest loser (-7.8%). The news of Digital Realty acquiring InterXion stood out, amid a long list of earnings reports, according to Telecompaper.
All of last week’s main news, by segment and with share price changes for the week:
- Incumbents. Q3 earnings reports came out from Orange (-1.9%) and Orange Poland (+7.2%), Iceland’s Siminn (+6.3%), Swisscom (+0.1%) and BT (+0.9%), as well as two companies controlled by Deutsche Telekom: Crnogorski Telekom (-2.8%) and Hrvatski Telekom (-0.9%). Orange Spain was rumoured to buy an MVNE company. KPN (-4.9%) placed a EUR 500 million hybrid bond.
- Data centres. Equinix (-0.6%) and Digital Realty (-4.5%) published their Q3 reports. The latter further announced the takeover of InterXion (unchanged), to be paid in DLR shares.
- Cable. In the cable segment, earnings were reported by Euskaltel (+1.2%) and Telenet (+2.0%).
- Satellite. In the satellite segment, Q3 earnings were reported by Intelsat (-0.5%) and Eutelsat (-6.3%). The takeover of Inmarsat (-1.1%) by private equity parties came closer as the UK government gave its stamp of approval. The C-Band Alliance of Intelsat, SES (-1.6%), Eutelsat and Telesat came with a new proposal to free up spectrum for US 5G services.
- Other. In other segments, MasMovil (-7.8%), Turkcell (+3.6%) and Netia (-3.0%) published their Q3 reports.