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General

Market consolidation inevitable in Europe - Orange

Wednesday 3 June 2015 | 18:38 CET | News
Telecom Italia (TI), KPN or Belgacom might be an acquisition target for Orange in a context of future European market consolidation, according to head of operations Gervais Pellissier. He told reporters from the Financial Times and other news outlets, "In the next five years, there will be inter-country or intra-European consolidation. Players who are today playing on a single market or near to a single market, might be purchased by those who are bigger." Two months ago Orange chairman and CEO Stephane Richard said an alliance with Telecom Italia "would be an attractive European consolidation

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Categories: General
Companies: Belgacom / European Commission / KPN / Orange / Telecom Italia
Countries: Europe
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