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General

CNMC asks EU for permission to probe Orange-Jazztel deal

Friday 7 November 2014 | 10:07 CET | News
Spain's telecoms regulator CNMC has sent a request to the EU's competition authority for permission to rule on Orange's proposed takeover of Spanish broadband operator Jazztel, reports Europa Press. On 16 September Orange offered EUR 3.4 billion in cash to acquire 100 percent of Jazztel's shares, a transaction that would enable the French group to move ahead of Vodafone into second place in the Spanish fixed broadband sector. If the deal goes through, 90 percent of the Spanish telecoms sector would be controlled by three operators – Telefonica, Orange and Vodafone – after the latter finalised

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Categories: General
Companies: European Commission / Jazztel / Ono / Orange / Telefonica / Vodafone
Countries: Europe / Spain
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