Deutsche Telekom

European Mobile Industry Consolidates

Plans by Deutsche Telekom and France Telekom to merge their U.K. phone units is a sign of further consolidation in the industry as financial pressure increases on European phone companies. The deal, announced Sept. 8, would create the U.K.’s largest cellular operator, catapulting the merged entity ahead of Telefonica’s 02 unit and pushing rival Vodafone to number three in its home market.Read more

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