Deutsche Telekom CEO Says It’s Time for Europe Phone Mergers
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Europe’s phone companies must seize the moment to consolidate if they want to stand up to international competition, Deutsche Telekom AG Chief Executive Officer Rene Obermann said.
“Now is the right time” for consolidation, Obermann said in an interview yesterday in Dusseldorf, Germany. “You have to think in terms of 10-, 15-, 20-year periods.”