Europe's top MNOs unfazed by credit crunch
Contrary to expectations that the credit crunch will adversely affect mobile revenues, the second quarter/half year results for Europe’s biggest mobile network operators (MNOs) show that it is largely business as usual. We compared the quarterly performances of Vodafone, Orange, Telefonica/O2, T-Mobile and Telecom Italia Mobile (TIM) in Europe’s five largest markets – Germany, the UK, Italy, France and Spain. Apart from a few isolated exceptions, the operators were more influenced by the usual competitive and regulatory pressures than the direct effects of the economic downturn.
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