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Draghi’s enigmatic numbers cloud need for EU telecom consolidation

By Matthew Newman and Lewis Crofts ( August 5, 2025, 11:35 GMT | Comment) -- Mario Draghi prescribed a radical solution for Europe’s ailing telecom industry: market consolidation to cure chronic profitability and investment problems. But the economics that underpin the figures in his 2024 report raise questions over whether these numbers accurately portray the sector’s financial health and justify a shift in merger policy. One of the most revolutionary proposals in Mario Draghi's 2024 competitiveness report was to ease the path of telecoms mergers....

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