O2 Finance Boss Predicts Mobile Firm Failure

WhatPC? reports that O2's CFO David Finch suggested on an analyst call that one of the five UK mobile network operators may fail next year.

Rachel Lashford at Canalys commented "I have not heard such a suggestion before but it would not be surprising in such a saturated market. But predicting a failure in the market is a bit premature unless Finch is looking at O2 that is. But there is little doubt that there will be some consolidation."

I'm sure she said a lot more and I wouldn't be surprised if her quotes were taken out of context, but you just have to love it when analysts hedge their comments...