EU Should Let Mobile Operators Merge, Draghi Report Says
- Draghi says EU should focus less on blocking consolidation
- European telecom operators want more in-market mergers
Mario Draghi in Brussels on Sept. 9.
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
The European Union should encourage more mergers in the telecommunications sector, according to a long-awaited report written by former European Central Bank President Mario Draghi on how the bloc can keep its economy competitive.
“Facilitating consolidation in the telecoms sector is needed to deliver higher rates of investment in connectivity,” the report, released Monday, said. “The cornerstone initiative is modifying the EU’s stance towards scale and consolidation of telecoms operators to deliver a true single market, without sacrificing consumer welfare and quality of service.”