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General

EU competition commissioner questions telecom consolidation

Monday 15 June 2015 | 15:10 CET | News
Margrethe Vestager, the EU commissioner for competition, has questioned telecom operators' main argument for the recent swathe of mergers and acquisitions, saying the reduction in the number of operators is more likely to lead to higher prices than increased investment. In a speech at the Concurrences conference in Paris, Vestager used the telecoms industry as an example of the increased focus on innovation and investment in the new European Commission's competition policy. While incumbent operators argue that the in-country mergers are needed in order to increase investment, the EU

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Categories: General
Companies: European Commission / Free Mobile / Hutchison Whampoa / O2 UK / Wind
Countries: Europe
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