Q4 is conventionally a strong quarter, with businesses covering their costs and sales ramping up as consumers head into the holidays. For the telco sector, it appears that investors still have the jitters, as the Operators segment has underperformed while the Vendors piece has risen quicker than the market average. This week, the Vendors segment posted a 2.41% gain, bringing it back to its early-November levels, and wiping out the losses of the past month. For the Operators segment, a loss of 1.13% in the adjusted aggregate view is disappointing, given that the Indexes segment that we use as context grew by 0.88% this week. There were 25 gains and 5 losses in the Vendors segment this week, compared to…