Camilla Palladino

It takes a brave soul to call a recovery in European telecommunications. Yet there are a few, tentative signs that the struggling sector may be ringing in the changes. Providers of mobile telecommunications services have long been stuck in a value trap. Recently, however, there have been a few positive signals. The UK’s Competition and Markets Authority approved Vodafone’s merger with Three UK without imposing the feared “structural” remedies. That’s good news for Vodafone itself.