Jazztel

Orange has completed the acquisition of the remaining 5. 25 per cent of Jazztel’s share capital not previously owned by the group, following its acquisition of the Spanish fixed operator for €3. 4 billion in May.

Having already received approval from the European Commission (EC), Orange has also received authorisation from the Spanish Securities Commission (CNMV) for its €3. 4 billion Jazztel acquisition, the final step needed for completion of the deal.

Orange agreed to divest a fibre network with a presence in leading Spanish cities, as well as giving wholesale access to its 4G network, in order to gain approval for its €3. 4 billion acquisition of Spain’s Jazztel.

Spain’s competition watchdog (CNMC) said Orange must give its MVNO rival MasMovil temporary access to its 4G network within the next ten days, adding that there was a “clear failure” on the part of Orange to do so according to…

The European Commission is set to approve Orange’s €3. 4 billion takeover of Spanish fixed operator Jazztel now that Orange has agreed to sell assets that overlap with Jazztel and offer wholesale capacity to rivals, according to a Reuters report.

The European Commission (EC) suspended its investigation into Orange’s €3. 4 billion bid for Jazztel, a Spanish cable operator, apparently on the grounds that not enough detail has been provided on what the merger might mean for consumer prices.

Orange has given commitments to the EU competition authority over its proposed €3. 4 billion bid to acquire Spanish broadband provider Jazztel.