, Columnist
Deutsche Telekom Should Bypass Britain
A deal would be expensive and cost savings are unlikely
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Deutsche Telekom CEO Tim Hoettges often says Europe needs fewer, bigger telecommunications carriers that can invest in faster networks and better compete with Google and Facebook.
It’s an oft-repeated mantra European telecom bosses use when justifying their deal spree of the past four years, during which they've snapped up rivals within countries to reduce competitive pressure and to combine fixed, mobile and broadband services.