Friday, 21 July 2017

Orange makes €3.4bn Jazztel bid

By Nick Wood, Total Telecom
Tuesday 16 September 14

Telco claims merger will create Spain's second-largest fixed broadband provider; Jazztel cancels pursuit of Yoigo.

Orange late on Monday made a €3.4 billion bid for 100% of Spanish fixed-line provider and MVNO Jazztel, a move that will help it keep pace with Vodafone and Telefonica. The €13 per share cash offer represents a 34% premium on Jazztel's average closing price over the last 30 days. The offer is conditional on Orange acquiring 50…

Orange late on Monday made a €3.4 billion bid for 100% of Spanish fixed-line provider and MVNO Jazztel, a move that will help it keep pace with Vodafone and Telefonica. The €13 per share cash offer represents a 34% premium on Jazztel's average closing price over the last 30 days. The offer is conditional on Orange acquiring 50…

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