Daily Fibre

A daily update covering European telecom news including French M&A developments, updated macro-economic headwinds, and escalating broadband competition in the UK.

Key Takeaways

• 1.Consortium discussions for the SFR acquisition are focusing on employee retention plans, though regulatory constraints prevent formal organizational changes until completion.
• 2.Deutsche Bank has trimmed 2026 global GDP growth expectations to 3.0% and raised CPI forecasts, projecting a headwind for rate-sensitive tower sectors due to rising yields.
• 3.The UK telecom market faces intense summer competition as Vodafone/Three push 5G Fixed Wireless Access (FWA) and BT Openreach offers aggressive rebates to stem line losses.

Table of Contents

• KEY EVENTS THIS WEEK
• FRENCH TELCOS / ORANGE
• EU TEL
• TELENOR
• UK TEL
• SES
• Important Disclosures
• Analyst Certification