The consolidation of Europe’s mobile telecommunications sector accelerated on Wednesday with the merger of the Swiss operations of France Télécom and Denmark’s TDC.

The combination of France Telecom’s Orange and Sunrise, owned by TDC of Denmark – Switzerland’s second and third biggest mobile groups, respectively – is designed to create a stronger competitor to Swisscom, the state-controlled market leader.

To read this report in The Financial Times in full, see:
www.ft.com/cms/s/0/e7228d92-d994-11de-ad94-00144feabdc0.html

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France Telecom, TDC to merge Swiss operations [AP]
France Telecom said Wednesday it will pay €1.5 billion to Danish telecoms group TDC as part of a deal to merge their respective operations in Switzerland.
finance.yahoo.com/news/France-Telecom-TDC-to-merge-apf-2074971871.html