Telefónica/E-Plus Merger EvensrnThings Up

摘要

Telefónica Deutschland has agreed to acquire rival E-Plus Mobilfunkrnin a EUR5bn cash and shares deal that will see Germany'srntwo smallest mobile operators combine to create a more dynamicrnconverged services provider capable of providing a more tangiblernthreat to leaders Deutsche Telekom and Vodafone Deutschland.rnBMI sees this primarily as a defensive strategy – Vodafone hasrnrecently agreed to acquire Kabel Deutschland (KD) in pursuit ofrnits own converged services ambitions – and one that will protectrnTelefónica's investment in Europe's largest electronic communicationsrnservices market.