Telco Chatter May 27: ES consolidation, TEL organisational changes, US BB tariffs…

Research evidence excerpt

Telco Chatter May 27: ES consolidation, TEL organisational changes, US BB tariffs…

J P M O R G A N Europe Equity Research

27 May 2026

Telco Chatter

May 27: ES consolidation, TEL organisational

changes, US BB tariffs…

Spanish Telcos – Zegona eventual sale to Telefonica? European Telecommunication

Telenor – Simplifies organisational structure Services

US Telcos – Broadband Pricing Tracker - May’26 (note here) Akhil Dattani AC

French Telcos – Swiss courts seize Drahi assets (44-20) 7134-4725

Telefonica – Nears sale of historic Gran Vía HQ for €200m akhil.dattani@jpmorgan.com

TI – Poste Italiane expects deal completion by Q3 J.P. Morgan Securities plc

Eutelsat – Signs in-flight connectivity contract Ajay Soni

Orange – Loses legal challenge against fibre ownership reform (44-20) 3493-8462

ajay.soni@jpmorgan.com

Telia – Tests quantum encryption for mobile networks J.P. Morgan Securities plc

UK Altnet – CityFibre re-scopes Project Gigabit contracts Ankur Baheti, CFA

Bouygues – Launches 30th anniversary offers (91-86) 5796-8820

MasOrange – Simyo launches anti-Digi offers ankur.baheti@jpmchase.com

Swisscom – Wingo launches roaming-inclusive tariffs J.P. Morgan India Private Limited

Italian Telcos – Sky Italia offers €100 voucher

Specialist Sales contact details:

Zegona – Convergent offers ending 31st May

MasOrange – Deploys AI on fibre network to prevent outages Scott Silver - Specialist Sales -

European TMT

Telenor – Adds scam call warnings in Sweden (44-20) 7134-0412

Telenor – Selects DXC to modernise Swedish customer service scott.silver@jpmorgan.com

Ericsson – To relocate Stockholm HQ

UK Altnet – Fibrus reaches 150k customers

Dutch Telcos – Lebara targets 1m postpaid subs

Nordics Telcos – 5G carries 30% of Swedish mobile data traffic