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UK: Three hints at wave of telco consolidation

 |  December 5, 2013

The head of wireless operator Three told reporters that the UK could have a healthy, competitive telco market with just three players, reports say. As the UK’s smallest wireless operator, Three holds 10 percent of the market and has previously shunned market consolidation. But Three chief executive David Dyson is now predicting a wave of consolidation for 2014.

His remarks come as rumors heat up that Three, owned by Hong Kong’s Hutchinson Whampoa, may look to acquire O2 and shift the market from four players to three.

Dyson is not the only to speculate the coming rise of consolidation; reports say experts are predicting mega-mergers ahead in the wireless industry as US giant AT&T mulls entrance in the European market.

Full Content: The Guardian

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