European Communacopia Conference 2026: Pricing power & cost efficiencies accelerate as satellite risks downplayed

We hosted our third European Communacopia Conference in London on 15-16 September, with C-suite and divisional management participation from Vodafone, Elisa, Telia, BT, Orange, Telefonica and KPN, and 20 telecom, tower and satellite companies in total. Key themes: pricing power supports improved revenue and reassures on inflation concerns, aided by fibre broadband deregulation and consolidation of some mobile markets; cost efficiencies (both opex and capex, increasingly amplified by AI) are driving accelerating FCF generation above consensus expectations, with most companies citing high energy cost hedging over the next two years;