Photographer: Angel Navarrete/Bloomberg

Europe's Phone Industry Chief Makes Case for More Consolidation

  • Cut-throat competition hampers investment, GSMA's Granryd says
  • Network owners put pressure on regulators to allow deals

Phone-carrier mergers in Europe are needed to secure investments for data networks and prevent the region from falling behind other parts of the world, said an industry group chief, putting pressure on regulators scrutinizing billions of dollars in proposed deals.

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