The head of Telefónica O2, Peter Erskine, revealed in a conference call yesterday that he anticipates consolidation among German MVNOs. Asked whether there was a chance Telefónica might make a bid for E-Plus, Erskine told reporters there was absolutely none. ‘The only consolidation I do see is that of the many, many MVNOs in Germany, only a very, very few get any traction … there will be a lot less or many different ones inside twelve months. Beyond that I can’t see where the consolidation is going in our markets,’ he said. Turnover at O2 Germany slipped 2.9% to EUR861 million for the three months to June 2007. Commenting on the results amid tough conditions for German cellcos, the CEO stated: "It’s flat quarter-on-quarter [but] we’re confident we’ll exit the year on an ARPU growth trajectory in Germany’.