3 Min Read (Reuters) - Deutsche Telekom renewed its call for European industry consolidation on Friday, saying the region’s sub-scale operators were not in a position to invest more in 5G networks as weak profits and high debts weigh. FILE PHOTO: Timotheus Hoettges, Chief Executive of German telecoms group Deutsche Telekom, addresses the company's annual news conference in Bonn, Germany, February 19, 2020. REUTERS/Wolfgang Rattay/File Photo CEO Tim Hoettges drew a stark contrast between Europe’s 100-plus mobile operators and the U.S. market, where the field shrank to three players last April when Deutsche Telekom’s unit T-Mobile took over Sprint for $26 billion.