1435 GMT - EU merger enforcers should let European telecoms companies consolidate to enable them to compete globally, Justin Hotard, president and CEO of Finnish company Nokia, says at a conference in Brussels. "If we just simply allow European telecom operators to consolidate--in many countries, from four to three--like you've seen in the U.S., like you've seen in India. If we allow that to happen, what we'll see is greater scale," he says. "We'll unlock true investment in innovation and 5G and 6G," he says. Consolidation could also lead to faster investments in broadband and mobile, he says. "You have to allow a regulatory environment that permits scale." (edith.hancock@wsj.com)

(END) Dow Jones Newswires

June 04, 2025 10:35 ET (14:35 GMT)

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