'Please unleash us,' Europe's telcos urge regulators as industry bangs drum for more mega-deals [CNBC]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
Currently, there are numerous telco players operating in different European countries. However, telco bosses say they'd be able to compete more effectively with only three main players per market — a model that's become the standard in places like the U.S, China and India. The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain. BARCELONA — Europe's telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence. Last week at the Mobile World Congress (MWC) trade show in Barcelona, CEOs of several telecoms firms called on regulators to make it easier for them to combine their operations with other businesses and reduce the overall number of carriers operating across the continent. Currently, there are numerous telco players operating in multiple EU countries and non-EU members such as the U.K. However, t
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