Wednesday, 28 June 2017

Europe risks going back to the future on telecoms M&A deals

By Mary Lennighan, Total Telecom
Wednesday 09 September 15

New European Commission showing signs of taking a harsher stance on in-market consolidation, analysts note; Denmark decision will provide industry with better visibility.

The recent wave of in-market consolidation in European telecoms looks set to continue as operators seek to become converged players and to ease the pressure of competition, but there are indications that the new European Commission could look to make merger-happy telcos' lives more difficult. In general, "we see regulatory headwinds on the decline for telcos...[but] M&A receptiveness is one of the big question marks," said Mark Habib, director, corporate ratings at Standard and Poor's at the firm's EMEA telecoms seminar on Wednesday…

The recent wave of in-market consolidation in European telecoms looks set to continue as operators seek to become converged players and to ease the pressure of competition, but there are indications that the new European Commission could look to make merger-happy telcos' lives more difficult. In general, "we see regulatory headwinds on the decline for telcos...[but] M&A receptiveness is one of the big question marks," said Mark Habib, director, corporate ratings at Standard and Poor's at the firm's EMEA telecoms seminar on Wednesday…

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