Saturday , 20 April 2019
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Last week in telecoms: German auction passes EUR 5 billion, busy M&A and debt markets, lively Italian mobile market

Last week in telecoms: German auction passes EUR 5 billion, busy M&A and debt markets, lively Italian mobile market

The ongoing German spectrum auction appears to be taking a toll on the European telecoms sector. Most German shares ended week 15 down. A number of M&A related reports couldn’t prevent the Telecompaper Stock Index European Telecoms Services from ending week 15 with a loss of 0.9%. The EuroStoxx 50 index closed the week unchanged.

The German spectrum auction passed the EUR 5 billion mark, putting a dent in the share price performances of Deutsche Telekom (-1.0% for the week), Vodafone (-0.6%), Telefonica Deutschland (-7.2%) and United Internet (-3.8%). In the Netherlands, the regulator put out an advice on spectrum caps, considering that two auctions will take place between end 2019 and 2022.

It was a busy week for the M&A market.

The Italian mobile services market was lively as ever, with all four MNOs launching new services and promotions.

Telecoms service providers were quite active on the debt markets.

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