Reuters: Mergers News: France Telecom CEO says European mergers inevitable

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

France Telecom CEO says European mergers inevitable Jun 5th 2012, 15:55 PARIS, June 5 | Tue Jun 5, 2012 11:55am EDT PARIS, June 5 (Reuters) - France Telecom's chief executive on Tuesday said he viewed a movement toward further consolidation among European telecommunications companies as "inevitable," citing the large number of players in the market. Stephane Richard, speaking at France Telecom's annual shareholder meeting, added that America Movil's bid for a substantial stake in Dutch telecoms operator KPN could mark the beginning of a shakeup in the sector which could reduce the number of such companies.

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