Vodafone seeks ‘active role’ in Spain consolidation

Britain’s Vodafone aims to play an active role in any consolidation of Spain’s telecoms industry, where lower competition would give operators the financial muscle to pay for the 5G rollout, its local CEO Colman Deegan said.

“At Vodafone, we want to play an active role in the process of telecom consolidation in Spain,” Deegan said in an op-ed piece published by Expansion newspaper on Thursday.

He said the current state of the market had reduced profitability and left providers without the financial capacity to pay for the infrastructure needed to develop 5G technology.

Vodafone together with rivals such as Telefonica and Orange have pressured the European Commission to soften anti-trust rules to reduce competition in the industry. Reuters