Orange CEO Says It’s Time to Talk About a European Tower Merger
- CEO Richard suggests own tower company team with Vodafone, DT
- Merger prospects unclear as Orange still wants to keep control
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Orange SA is calling on Europe’s other big phone companies to begin talks about a merger of their wireless towers, an alternative to a full-scale tie-up of the region’s carriers that risks being blocked by European regulators.
The French company’s Chief Executive Officer Stephane Richard made the call to Vodafone Group Plc, Deutsche Telekom AG and others on Thursday after announcing the separation of Orange’s domestic and Spanish tower assets into a standalone unit.