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SaltWire's Atlantic regional weather forecast for October 31, 2023 | SaltWireSTOCKHOLM - Vodafone's bid on Tuesday to sell its Spanish business is the latest move by European telecom firms trying to strengthen their financial health by divesting assets, consolidating markets and selling stakes to investors.
Mergers would reduce the number of operators, and regulators are concerned that could lead to higher prices, less choice and a reduction in quality for consumers, particularly if two local players join forces in one market. "Orange/MasMovil is a crucial alliance for the European telecoms sector as it could open the door to other tie-ups if approved," CCS Insight analyst Kester Mann said.
Telecom Italia is in talks to sell its network grid to U.S. fund KKR for about $24 billion as it looks to reduce its debt and stem cash burning.
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