Telenor hopes for consolidation in Europe: CEO

Reuters :
Norway’s Telenor hopes to see consolidation in the European telecoms sector although the company itself does not have concrete plans at the moment, its CEO told the Reuters Global Markets Forum in Davos on Wednesday.
Sigve Brekke said there was a growing sense in Europe that the continent’s telecom market is too fragmented.
“We see now some consolidation attempts in Spain and in (the) UK and in Italy,” he said, adding Telenor is waiting to see what the regulators would have to say about those attempts.
Britain’s Vodafone is in discussions about potential tie-ups in Italy, facing tough regulatory hurdles.
“We did try to consolidate in Denmark a few years ago… right now we don’t have any concrete projects,” Brekke said.
Telenor has about 200 million customers across its Asian joint ventures and its Nordic businesses, with more than 10 million of those being mobile subscribers in the Nordic region.