The Economist – Seeking another path
Some in the industry are dismayed. “Both EU and UK regulators seem only concerned with consumer pricing and don’t think of the bigger picture,” complains Bengt Nordstrom, who advises firms on mergers. He warns that blocking unions of smaller firms will mostly help market leaders, which he says typically grab over 50% of industry revenues already. And markets dominated by former monopolies, he worries, will foster too little competition in building networks and laying fibre cables to prepare Europe for future digital growth.
