Orange gives ground in bid to land Jazztel — report

Orange gives ground in bid to land Jazztel — report

10 MAR 2015

Orange has given commitments to the EU competition authority over its proposed €3.4 billion bid to acquire Spanish broadband provider Jazztel.

The EU competition authority’s website confirmed the commitments were made by Orange on 6 March, without offering up any further detail.

The operator has offered concession to the anti-trust regulator, according to Reuters.

The latest submission by Orange follows a warning it received from the EC last month that the deal threatens competition in the Spanish telecoms market.

If the takeover goes ahead, it will create Spain’s second-biggest fixed broadband operator and strengthen Orange’s position in the mobile market, where it is in third spot, behind Telefonica and Vodafone.

The provisional deadline for a decision by the authority is 30 April, 2015.


Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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