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Telecom giants set to see EU countries endorse 'market consolidation'

By Matthew Newman and Luca Bertuzzi ( November 18, 2024, 12:26 GMT | Insight) -- Orange, Deutsche Telekom and Vodafone are likely to welcome a draft statement by EU governments that telecom mergers could create “economies of scale” and “open up further opportunities” after pushing EU policy makers to adopt a lenient approach to consolidation. The wording in draft conclusions is significant because telecom companies have argued that consolidation in national markets is needed to lower costs and boost investment.Orange, Deutsche Telekom, and Vodafone are likely to welcome a draft statement by EU governments that telecom mergers could create “economies of scale” and “open up further opportunities” after pushing EU policymakers to adopt a more lenient approach to consolidation....

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