LONDON, Jan. 14, 2016 /PRNewswire/ -- Key Developments in the European Telecommunications Markets
This market insight provides an overview of key mobile and fixed developments by major European mobile operators in Q1 2015. It offers both qualitative and quantitative information and is the first part of Frost & Sullivan's regular quarterly updates on the industry.
Top 3 European Carrier Highlights, Q1 2015
1 BT Seals Acquisition of EE
- BT agreed to definitive terms to acquire EE for £ billion; the transaction is still pending regulatory approval.
- It is a combination of UK's largest broadband provider and 4G network. The deal will make BT the latest company in the home market to offer quad play and pave the way for it to become a converged telecom provider. Apart from improved product offerings and a boost in innovation capabilities, the deal will result in price wars in the U.K. market.
2 Orange Unveils New Strategic Plan–Essentials 2020
- The plan has a number of key focus areas, including network investments (€ billion between 2015 and 2018), the transformation of customer relationships, IoT (connected home and healthcare), and financial services (mobile banking).
3 Hutchison Whampoa (3 UK) to Buy O2 UK
- O2 UK's parent, Telefonica, has accepted the terms of the deal that has been under negotiation since January 2015; however, it is still pending regulatory approval.
- The merger will create U.K.'s largest mobile operator, with million customers, leap-frogging EE. In contrast to BT and Vodafone, which plan to sell bundles of broadband, TV, and telephony, the combined entity of O2 and 3 UK will focus on mobile only.
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