The CEO of Vodafone, Nick Read, said during a conference call with analysts that it is in active talks with other operators over possible consolidation moves in Spain, Italy, UK and Portugal.

All options are open: a merger, a joint venture or a sale of the company. Speculation on a possible merger with MásMóvil are increasingly mounting.

“We don’t rule out any option,” said Read. Consolidation plans are aimed at reducing costs and obtaining financial resources to invest in networks.

In Spain, tough competition is driving Vodafone service revenues down, decreasing 1.6 per cent in the third quarter to €940 million.

Meanwhile, Movistar Plus has hiked its monthly fees in its Fusion packages by an average of €3 a month.

Other posts by :

1. Bank: “Charter racing to the bottom”
2. SpaceX IPO in June?
3. Russia postpones Starlink rival
4. Why don’t lawmakers like Netflix?
5. Viasat taps Ex-Im Bank to finance satellite
6. Bank: TeraWave not a direct threat to AST SpaceMobile
7. SpaceX lines up banks for IPO
8. SES to FCC: “Don’t auction more than 160 MHz of C-band”
9. Morgan Stanley downgrades Iridium

Categories: Articles, Business, M&A, MNO, Telco

Tags: italy, MásMóvil, merger, spain, UK, Vodafone, Vodafone Spain