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General

Orange CEO still sees consolidation as necessary in France

Wednesday 14 January 2015 | 10:54 CET | News
Orange CEO Stephane Richard reasserted his opinion that the French telecom sector benefit from consolidation at a New Year's press event, writes Les Echos. "Today the economic situation creates a natural pressure towards consolidation," he said, referring to margins well below international standards. "Nobody can demonstrate that the French market can live sustainably with four," he added. Richard said that the 700 MHz auction at the end of the year may allow carriers to decide what they want to do because it will be expensive, and that Orange would take part even if it doesn't need the

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Categories: General
Companies: Orange
Countries: France / World
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