Berec report finds EU telco consolidation unlikely to boost investment
Consolidation on the EU telecom market is not likely to lead to more network investment, innovation or competition, according to a report from Berec, the assembly of EU telecom regulators. Berec said EU regulations are not holding back mergers between telecom operators, neither within countries or across borders, despite the calls by some telecom operators to relax merger controls. Based on the cases it examined, M&A is unlikely to yield the extra capital claimed, nor result in better prices for consumers.