BERLIN, July 28 The sale of KPN's
German business to Telefonica is likely to bring more
consolidation in Europe's mobile market, the head of KPN's
E-Plus said in an interview with Der Spiegel on Sunday.
KPN plans to sell its German business E-Plus to Telefonica
in a cash and shares deal expected to be completed in the first
half of 2014.
"Yes, that's conceivable," Thorsten Dirks, head of E-Plus
told the magazine when asked whether the deal with Telefonica
Deutschland would spark further consolidation in
"Europe has more than 50 mobile phone companies," Dirks
said. "I believe that functioning competition can be achieved
with a lot less providers."
E-Plus and Telefonica's O2 Deutschland vie for
third place in Europe's biggest mobile market and both are
facing tough competition from their larger rivals Deutsche
Telekom and Vodafone.