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EU: Three or four competitors sufficient for Alumnia in new telco market

By  |  September 4, 2013

As the European Union prepares to unveil its plans for a consolidated telco market, European Commissioner Joaquin Almunia said three or four major players would be sufficient to ensure healthy competition.

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    Almunia’s statements were quoted by a German media outlet.

    The EU’s telecommunications head is set to unveil next week plans for a consolidated market.

    According to reports, Alumnia said that telco mergers “can have positive economic results, as long as prices remain reasonable.” The statements come just weeks after two major mobile telecommunications deals were announced to regulatory scrutiny.

    The deals involve KPN’s $10.7 billion divesture of its German unit Telefonica, and Austria’s sale of Orange to Hong Kong-based Hutchinson Whampoa. Both deals are expected to file with the Commission and national regulators for clearance.

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