Cover Image
市場調查報告書

歐洲的通訊整合:主要的促進要素,新的課題

Telecom Consolidation in Europe: Same Drivers, New Challenges

出版商 IDATE DigiWorld 商品編碼 367314
出版日期 內容資訊 英文 43 Pages
商品交期: 最快1-2個工作天內
價格
Back to Top
歐洲的通訊整合:主要的促進要素,新的課題 Telecom Consolidation in Europe: Same Drivers, New Challenges
出版日期: 2016年08月18日 內容資訊: 英文 43 Pages
簡介

本報告提供歐洲的通訊市場上最新的動向、趨勢調查,形成整合核心的匯流、市場內的行動交易,主要的最新的交易,促進要素與阻礙,主要的案例研究的檢討,預計形成短期、中期性的M&A活動的主要原因等相關資料、彙整。

第1章 摘要整理

第2章 調查手法、定義

第3章 簡介

第4章 歐洲的動向

  • 整體趨勢:國家的行動、匯流的動向
    • 歐洲的M&A
  • 最重要的契約
    • Vodafone:Liberty 透過Global的收購,邁向泛歐洲的匯流最大公司?
    • Altice:全球、匯流的動向
    • Hutchison:全球最大的行動公司
    • Orange
  • 整合的動向詳細內容清單

第5章 法規,發展的委員會的立場

第6章 文獻綜述

  • Chamber of Labour of Vienna
  • RTR
  • Frontier Economics
    • TMO - tele.ring
    • TMO - Orange
  • European Commission, DG COMP - ACM - RTR
  • WIK

第7章 對業者來說的成功案例?

  • EE
  • H3G - Orange
  • TMO - Orange
  • Orange - Bouygues Telecom

第8章 展望:會成為通常的商務還是變成下個超越國境的整合?

圖表

目錄
Product Code: M16536MR

This report starts by presenting a panorama of the major moves and trends that have been observed in Europe recently. It continues with an examination of how the regulatory stance seems to have evolved since the new European Commission took office in late 2014 and looks further at the remedies that have been imposed by DG COMP between 2012 and 2016.

The question of how markets and users are being impacted by the wave currently sweeping European telecoms has been raised many times. The answer may differ, however, depending on who is responding. Chapter 4 will provide a short review of some of the major studies published on the issue over the last year or so.

The following chapter looks at whether mergers have actually held what operators were promising and presents the evolution of some key performance indicators prior to the merger under consideration, and thereafter.

Finally, the report presents a brief perspective of what factors might shape M&A activities in the short and medium term.

Table of Contents

1. Executive summary

  • 1.1. The rationale for market consolidation persists...
  • 1.2. ... but the tune has changed
  • 1.3. Towards new ways of consolidation?

2. Methodology & definitions

3. Introduction

4. Main moves in Europe

  • 4.1. General trends: national mobile and convergent moves
    • 4.1.1. M&A trends in Europe
  • 4.2. Most important deals
    • 4.2.1. Vodafone: towards a pan-European convergent giant, via a Liberty Global merger?
    • 4.2.2. Altice: global and convergent moves
    • 4.2.3. Hutchison: a global mobile giant
    • 4.2.4. Orange
  • 4.3. Detailed list of moves to consolidation

5. Regulation, the evolving stance of the Commission

  • 5.1. The Competition Commissioner on telecom mergers
  • 5.2. Regulatory remedies

6. Literature review

  • 6.1. Chamber of Labour of Vienna
  • 6.2. RTR
  • 6.3. Frontier Economics
  • 6.4. European Commission, DG COMP - ACM - RTR
    • 6.4.1. TMO - tele.ring
    • 6.4.2. TMO - Orange
  • 6.5. WIK

7. A success story for operators?

  • 7.1. EE
  • 7.2. H3G - Orange
  • 7.3. TMO - Orange
  • 7.4. Orange - Bouygues Telecom

8. Outlook: will it be business as usual, or is the next stop cross-border consolidation?

Report's tables and figures

Tables

  • Table 1: Potential convergent footprint of Liberty Global and Vodafone
  • Table 2: Recent Altice M&A in Europe
  • Table 3: Hutchison recent M&A in Europe
  • Table 4: Orange recent M&A in Europe
  • Table 5: Major European M&A activities
  • Table 6: Orange + TMO to EE: Trends in revenue, EBITDA, capex, customer base and ARPU

Figures

  • Figure 1: Drivers - hurdles matrix
  • Figure 2: M&A matrix
  • Figure 3: Number of MNOs, by country
  • Figure 4: Acquisitions of main players in 2014-2015 and pending in 2016
  • Figure 5: Volume of acquisitions in Europe
  • Figure 6: Compared footprints and overlap of Liberty Global and Vodafone
  • Figure 7: Hutchison European footprint
  • Figure 8: Major European M&A activities in 2015 & 2016
  • Figure 9: EC merger decisions
  • Figure 10: EC assessment of Orange - Jazztel merger
  • Figure 11: EC assessment of H3G - O2 merger
  • Figure 12: Price evolution in Austria, according to AK Wien
  • Figure 13: Evolution of mobile prices in Austria compared to ten-country (c') control group
  • Figure 14: Average revenue per minute in three- and four-player markets
  • Figure 15: Capex in three- and four-player markets
  • Figure 16: Price evolution in Austria pre- and post-merger
  • Figure 17: Price evolution in Austria (AT), pre- and post-merger, compared to international markets
  • Figure 18: Price evolution in the Netherlands, pre- and post-merger
  • Figure 19: Price evolution in the Netherlands. pre- and post-merger, compared to international markets (low and medium baskets)
  • Figure 20: WIK country rankings for consumer outcomes, competition, investment and other factors (2013)
  • Figure 21: Evolution of EE market share before and after merging in 2010, 2007-2014
  • Figure 22: Evolution of cumulative BT UK + Orange UK then EE (from 2010) indicators, 2007-2014
  • Figure 23: Evolution of EE customer base and ARPU, 2007-2014
  • Figure 24: Evolution of market shares in Austria, 2009 - 2015
  • Figure 25: ARPU evolution in Austria, 2009 - 2015
  • Figure 26: EBITDA evolution in Austria, 2011 - 2015
  • Figure 27: Evolution of market shares in the Netherlands, 2005 - 2015
  • Figure 28: ARPU evolution in the Netherlands, 2005 - 2015
  • Figure 29: EBITDA evolution in the Netherlands, 2005 - 2014
  • Figure 30: French operators Top 4 market shares at December 2015

List of players

  • Altice
  • AT&T
  • BASE
  • Bouygues Telecom
  • Cablevision
  • DirecTV
  • Drei Austria
  • Drillisch
  • EE
  • Enel
  • E-Plus
  • Hutchison 3G
  • Iliad
  • Jazztel
  • Kabel Deutschland
  • Liberty Global (JV)
  • MEDIALAAN
  • Meteor
  • Numericable
  • O2
  • ONE
  • ONO
  • Portugal Telecom
  • SFR
  • Suddenlink
  • TalkTalk
  • Telefónica
  • Telenet
  • Telenor
  • Telia
  • Vimpelcom
  • Virgin Media
  • Vivendi
  • Vodafone
  • Western Wireless
  • Yoigo
  • Ziggo
Back to Top