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General

EC to extend investigation into Orange-Jazztel deal - report

Thursday 4 December 2014 | 09:00 CET | News
The EC's competition authority is to widen its investigation into Orange's proposed takeover of Spanish broadband operator Jazztel, pressuring the companies to accept more concessions, according to two unnamed sources cited by Reuters. 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. Both companies offered a series of concessions to the EC on 13 November, but these weren't deemed sufficient, said the sources. One

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Categories: General
Companies: Jazztel / Ono / Orange / Vodafone
Countries: Spain
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