Summary Bullets:
- There are increasing noises from European telco leaders and politicians that the market is too fragmented to succeed and needs consolidation. But consolidation won’t transform European tech.
- Telefónica, BT, and others have divested non-core international operations as they refocus on the European market and look to grow regional strength and depth.
Marc Murtra, the new chairman at Telefónica, has been reported as wanting to pursue deals across Europe following the Spanish telco’s sale of its business in Argentina for EUR1.2 billion. Telefónica is also selling its stake in Telefónica Colombia to Millicom and has been reported to be planning to sell its Mexican operations.
Continue reading “European Telco Consolidation – Would It Work?”
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