Vodafone Group Plc, set to receive $130 billion for exiting the U.S., will focus on expanding wireless networks even as potential buyers may be sizing up the company for a bid, Chief Executive Officer Vittorio Colao said.
European Commissioner Neelie Kroes, who is leading a push to overhaul the European Union’s telecommunications regulations, said her proposals may ultimately lead to industry consolidation across the bloc.
Earlier this month, Neelie Kroes, vice president of the European Commission, announced that she would soon release a proposal to create a single market for data communications in Europe. The goal, Kroes says, is to “deliver a competitive, connected continent. Where operators can smash barriers and think big. Plan, bid and invest on a large scale.”
Carriers in Europe are mad. Executives from the region's biggest companies, such as Orange, Deutsche Telekom and Vodafone, spent yesterday in Brussels railing against new rules that would eliminate roaming charges between the continent's countries.
Hungary’s media regulator will take steps to grant opposition radio station Klubradio a free frequency, in a move that may ease concern over press freedom after Prime Minister Viktor Orban’s consolidation of power.
Europe has become stifling for expansion and investment in the telecommunications industry, and new regulations cutting roaming charges will only make things worse, according to executives from the region’s giants such as Orange SA, Vodafone Group Plc and Deutsche Telekom AG.
The European Union’s telecommunications commissioner, Neelie Kroes, said the agency will investigate member countries that allow former telephone monopolies raise prices to customers, the New York Times said.
AT&T Inc. sees new wireless technology in Europe stimulating a slumping industry with billions of dollars in network upgrades and blazing-fast mobile service, with a caveat: Some rules need to be changed.