- Deutsche Telekom: T-Mobile in Austria, the Netherlands and Albania, Bulgaria
- DT and FT: EE in the UK
- Telefónica: UK and Germany
- KPN: E-Plus (Germany) and Base (Belgium)
- Tele2: Russia, Germany, Austria
- TeliaSonera: Yoigo (Spain)
- Vivendi: SFR (and Maroc Telecom and GVT)
- UPC: Romania
- Further, assets held by private equity: Com Hem (BC Partners), Colt Group/Colt Technology Services (Fidelity) and Eurofiber (Doughty Hanson).
- And then there are companies considering splitting off businesses: Telekom Austria (Eastern Europe), Telefónica (Latin America, Europe).
The question remains, what are potential buyers looking for: mobile, incumbents, cable companies, business/wholesale operators?
Many scenarios are possible:
- Consolidate Germany: buy both E-Plus and O2 and add some Tele2 to the mix. Could this propel Orange into Germany?
- Consolidate the UK: buy both EE and O2. That could be a start for AT&T, in English speaking territory.
- Pan-European fiber: buy both Eurofiber (mainly Netherlands, but some in Germany and Belgium) and Colt Technology for networks and services. This seems a good fit for Vodafone. But also operators such as BT and AT&T could beef up their European asset portfolio.