European Telecom Operators Must Be Allowed to Merge, Telefonica CEO Says -- Market Talk

Dow Jones

2025/05/05

1055 GMT - Europe can create the technologies it needs to advance toward its autonomy in strategic sectors, Telefonica Chief Executive Officer Marc Murtra says. But telecommunication companies must be able to consolidate, starting with the national level, Murtra says at the annual meeting of business group Cercle d'Economia in Barcelona. Strategic decisions don't only yield advantages, but the aggregate would be positive for the creation of technology and know-how, Murtra says. European operators must learn from China, which is preparing fast for the advent of artificial intelligence, but adapting these lessons to respect the European values, including fair competition, Murtra adds. (cristina.gallardo@wsj.com)

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May 05, 2025 06:55 ET (10:55 GMT)

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