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José María Álvarez-Pallete: "In Europe the fragmentation of telecommunications is unsustainable"

“We have always been in favor of consolidation within the market,” says José María Álvarez-Pallete, president of Telefónica, when asked how concentration operations such as Zegona-Vodafone and Orange-MásMóvil affect the company.

·The current structure of the telecommunications markets in Europe is unsustainable due to its fragmentation,” he explains. “In the EU we have 39 mobile operators for 541 million subscribers, when the US has 3 mobile operators for 341 million subscribers.

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