Reuters logo
France Telecom CEO says European mergers inevitable
June 5, 2012 / 3:57 PM / 6 years ago

France Telecom CEO says European mergers inevitable

PARIS, June 5 (Reuters) - France Telecom’s chief executive on Tuesday said he viewed a movement toward further consolidation among European telecommunications companies as “inevitable,” citing the large number of players in the market.

Stephane Richard, speaking at France Telecom’s annual shareholder meeting, added that America Movil’s bid for a substantial stake in Dutch telecoms operator KPN could mark the beginning of a shakeup in the sector which could reduce the number of such companies.

Reporting by Gwenaelle Barzic; Writing by Christian Plumb; Editing by Elena Berton

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below