No winners in Europe’s fragmenting telecoms market; The vision of a single telecoms market is far from reality
April 8, 2014 Leave a comment
March 25, 2014 6:36 pm
No winners in Europe’s fragmenting telecoms market
By Sarah Gordon, Europe business editor
The vision of a single telecoms market is far from reality
The battle of the French billionaires is hotting up. Martin Bouygues, head of the number three mobile operator in France, has mounted a €15.5bn bid for number two SFR, owned by Vivendi, in which Vincent Bolloré is the largest shareholder. Another billionaire, Patrick Drahi, is determined to win SFR for his Numericable cable group, and has put forward a €14.5bn offer of his own. Xavier Niel, France’s sixth-richest individual, owns the fourth biggest mobile operator, Free, whose entry into the market in 2012 ushered in one of Europe’s most brutal price wars. Read more of this post





