A PYMNTS Company

EU: Orange CEO says Vestager is open to pan-European telecoms merger

 |  December 4, 2019

The European Union’s top antitrust policymaker, Margrethe Vestager, is open to the idea of pan-European mergers in the telecoms market, Orange’s boss Stéphane Richard said on Wednesday, December 4. 

Richard said he met Vestager, the EU’s competition commissioner, along with his counterpart at Deutsche Telekom last Monday. According to Reuters, her tough approach toward competition rules led to the collapse of several mergers and the creation of new players in several national telecoms markets. 

“We should not expect any major inflexion in the EU commission’s approach toward in-market consolidation,” Richard told analysts in Paris.

“But at the same time, she told us very clearly that she was very strongly in favour of network sharing and network consolidation, which is a form of consolidation.” 

He added, “The second point is that she told us that everything that is pan-European will be strongly supported by the EU Commission.”

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.