Norway’s Telenor hopes for consolidation in Europe, CEO says at Davos

DAVOS, Switzerland: Norway’s Telenor hopes to see consolidation in the European telecoms sector although the company itself does not have concrete plans at the moment, its CEO told the Reuters Global Markets Forum in Davos on Wednesday.

Sigve Brekke said there was a growing sense in Europe that the continent’s telecom market is too fragmented.

“We see now some consolidation attempts in Spain and in (the) UK and in Italy,” he said, adding Telenor is waiting to see what the regulators would have to say about those attempts.