KPN sees value in German consolidation

Henrik Poulsen, the chief executive of Denmark’s incumbent telecoms operator TDC, has said the company may have to increase investment in its wireless infrastructure in order to stay ahead of its main rivals TeliaSonera and Telenor. ‘There could be a situation whereby for a period of time we would have to accelerate our mobile investments to make sure we maintain the leading mobile infrastructure in Denmark,’ Dow Jones Newswires quoted Poulsen as saying at the Morgan Stanley TMT Summit in Barcelona, adding: ‘Therefore, I don't want to create any expectation that our capex-to-revenue ratio is coming down.’ The executive’s comments follow the signing of an agreement between TDC’s main competitors, Telenor Denmark and Telia Denmark, to operate a shared mobile network – involving 2G, 3G and 4G LTE infrastructure – in June 2011 [More]

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