Joining other leading European executives in calling for telecoms market consolidation, 3 UK CEO David Dyson said the UK could operate with just three mobile networks under the right circumstances.
Telefónica faces a difficult decision in Brazil after authorities there told the Spanish operator to sell assets in the country due to its growing influence over Telecom Italia, while a key shareholder in Telecom Italia said it opposed an enforced sale of TIM Brasil.
Europe's leading telecoms executives have been falling over themselves to call for more industry consolidation to counter falling prices in the market, and the CEO of Danish operator TDC, Carsten Dilling, is the latest to wade into the debate.
Jajah, Telefonica's U.S.-based VoIP subsidiary, will officially stop offering services at the end of January and is no longer accepting new subscribers.
For European operators thinking of mergers and acquisitions, now is the time to make their move, according to comments made this week by the CEO of Deutsche Telekom, Rene Obermann.
Telefónica and Telecom Italia are currently looking at various options for their respective businesses in Latin America as the two leading European operators continue to seek ways to reduce debt at the group level.
Following the lead of EE in the United Kingdom, fellow European operators Telefonica and Vodafone have jumped on the LTE Advanced carrier aggregation bandwagon with testing underway in Germany.
Germany's competition authority is seeking the right to probe the €8.55 billion ($11.5 billion) deal between Telefónica and KPN that would see the two operators merge their respective German units to create the largest operator by customers and provide a stronger rival to Vodafone Germany and Deutsche Telekom.
Telecom Italia said it agreed to sell its entire controlling stake in Telecom Argentina to the Fintech Group for a total price of $960 million (€712 million), confirming previous reports that it had received an offer from the investment company owned by Mexican financier David Martinez.
After months of disruption and speculation about its future strategy, Telecom Italia finally unveiled a new plan that will see the Italian operator invest €3.4 billion ($4.5 billion) in next-generation networks, cloud computing and LTE and raise funds of around €4 billion through the sale of its Argentina unit and other assets and the issue of up to €1.3 billion in mandatory convertible bonds.