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General

Alcatel-Lucent chairman backs more European consolidation

Wednesday 13 June 2012 | 15:22 CET | News
Alcatel-Lucent chairman Philippe Camus said Europe needs to drop its anti-merger position and instead push telecommunications companies to share spending and expertise in research and networks. The former head of EADS said the aerospace industry should serve as a model on how to promote cooperation. "Europe needs to do more to promote and less to repress," Camus said in an interview with Bloomberg. "It's not about pouring money in, it's about allowing and encouraging companies to adopt common standards, co-invest in research and develop products together." His comments echo an earlier report

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Categories: General
Companies: Alcatel-Lucent USA/FR / Deutsche Telekom / EADS / France Telecom
Countries: Europe
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