A PYMNTS Company

EU: Telecom cos unite in fight for more M&A leniency

By  |  February 25, 2013

While facing more stringent regulations from the European Commission, Europe’s telecoms companies are reportedly uniting to demand more merger and acquisition activity for telecommunications industries within certain countries. According to media sources, the 37 carriers that make up the European Telecommunications Network Operators’ Association want the Commission to ease-up its scrutiny of M&A activity in the sector; in exchange, the carriers would show their support for the Commission’s plans to develop a regional market. The Association will present its proposal to the European Commission in the next few weeks, according to reports, which will outline why the market needs to be de-fragmented. As it plans to hire an external consulting firm to support its agenda, the ETNO has held the view that domestic markets can sustain only three national wireless network operators and two fixed-line carriers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.