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.
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.
KPN said it expects Carlos Slim to retain his stake in the Dutch group despite the recent failed attempt by the Mexican billionaire to gain control of KPN via América Móvil.
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.
América Móvil is not planning a hostile takeover bid for Telekom Austria despite the recent failure of its efforts to gain control of Dutch operator KPN, and said it sees itself as a long-term partner for the Austrian operator.
The European Commission confirmed it has opened an in-depth investigation to assess whether Hutchison 3G UK (H3G)'s planned acquisition of Telefónica Ireland is in line with European Union merger rules.
As had been widely anticipated, Telefónica agreed to sell a 65.9 per cent stake in its Czech unit to PPF Group for €2.46 billion ($3.33 billion) including the operations in Slovakia, in a deal that will reduce the Spanish group's net debt and enable it to focus on markets where it is expanding its operations such as Italy and Germany.
Belgian cable group Telenet posted core profits that were higher than expected in the third quarter and attributed this pleasing result to strong growth in its mobile business as well as solid adoption of its triple-play plans.
KPN said it plans to spend around €4.7 billion ($6.5 billion) on its network from 2013 until the end of 2015, which is well below the Dutch operator's previous guidance of below €7 billion and indicates that the operator believes a large part of the investment in its LTE and fibre networks has been completed.
Missed opportunities for some as well as second chances for others have dominated the headlines this week, highlighting the often fickle and sometimes surprising industry we all work in.