The chief financial officer of cableco Ono believes that Spain’s telecoms industry needs to consolidate and should look to Portugal’s convergent merger of cableco Zon and mobile operator Optimus.
In an interview with TelecomFinance magazine, published…
The chief financial officer of cableco Ono believes that Spain’s telecoms industry needs to consolidate and should look to Portugal’s convergent merger of cableco Zon and mobile operator Optimus.
In an interview with TelecomFinance magazine, published later this week, CFO Carlos Sagasta said that “the example of Optimus and Zon is something that needs to be looked at, and lessons need to be learned from that”.
He compared developments in the Spanish market to Portugal, where “there is not enough space or infrastructure to go around the limited amount of customers”.
Sooner or later lessons from the smaller neighbouring country would “permeate into the Spanish market”, he predicted.
Speaking about the potential for a convergent deal initiated by Ono, the CFO said that the right targets were not available. Mobile operators Vodafone and Orange Spain were not for sale, and Yoigo was suffering from its “network weakness”. The fourth player only owns 25% of its network, while the remaining 75% of its coverage relies on a roaming deal with Telefonica, he noted.
The whole interview will be published in TelecomFinance 212/May 2013, out Friday.
