Last week in telecoms: Dutch merger approval felt throughout Europe - except Finland

It may be only a slight exaggeration to say that the EC single-handedly pushed up the European telecoms sector in week 48. Its decision to allow the Dutch merger of T-Mobile and Tele2 to continue without conditions helped our index to move up by 4.0 percent, strongly outperforming the EuroStoxx 50 index (+1.1%). The year-to-date performances of both indices is now almost identical at -9.4 percent.