Mergers of European Mobile Carriers Expected to Grow
Posted in: Miscellaneous at 19/06/2012 14:00
European mobile telephone operators are primed to enter a long-awaited phase of consolidation.
As growth slows, and as the need to cut costs and pay out millions for new, faster networks grows, longtime rivals are joining forces in markets across Europe to reap the benefits of economies of scale.
"You are going to see this happen more and more," said John Delaney, an analyst in London at the International Data Corporation. "Fundamentally, there are too many network operators. Revenues are declining in the core services of voice and text, and the rise in data revenue is not making up for the shortfall."
To continue reading this New York Times report, go to:
www.nytimes.com/2012/06/18/business/global/mergers-of-european-mobile-carriers-expected-to-grow.html
