Digi Spain has found its feet in a network-sharing deal with Telefonica. This will give the new entrant a roaming and network sharing agreements to get to work as the country’s fourth network operator. While agile new players are a threat to cumbersome incumbents, the European telco sector has seen a little more positivity from stock market investors in recent months. Capex-intensive projects are coming to an end and EU regulators are viewing M&A opportunities in a more generous light, finally bringing some positivity to the sector. The STOXX Europe 600 Telecommunications index, a basket of 15 telecoms companies from across Europe, has risen 6% year to date and 13.5% from lows of €185 in October 2023. This warming positivity is…