0
General

Jazztel board recommends accepting Orange takeover

Wednesday 3 June 2015 | 10:06 CET | News
Spanish broadband operator Jazztel  has issued a statement confirming that its board has recommended accepting Orange's EUR 3.4 billion takeover offer and that board members owning shares in the company have unanimously decided to accept the offer. Last September the French group made a voluntary tender offer for 100 percent of Jazztel shares at EUR 13 per share in cash, a tender offer that runs until 24 June. The deal is subject to Jazztel shareholders tendering at least half of the stock on top of an almost 15 percent stake held by executives who have already agreed to sell, including

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Jazztel / Orange
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Pellissier named Orange Spain president

Published 02 Mar 2016 15:36 CET | Spain
Orange Spain has announced that Gervais Pellissier will take over as the company's president, replacing Luis Alberto ...

Former Redtel president joins Jazztel board

Published 13 Jul 2015 14:02 CET | Spain
Spanish broadband operator Jazztel has announced that Miguel Canalejo, the former president of telecoms operators association ...

Jazztel renews board of directors following Orange takeover

Published 02 Jul 2015 10:24 CET | Spain
Spanish broadband operator Jazztel has announced a renewal of its board of directors following its takeover by Orange. In a ...

Over 94% of Jazztel shareholders accept Orange offer

Published 26 Jun 2015 13:47 CET | Spain
The Spanish National Securities Market Commission (CNMV) has announced that shareholders representing 94.75 per cent of Spanish ...

Orange could take Jazztel private after takeover

Published 28 May 2015 08:39 CET | Spain
After receiving the approval of Spain's market regulator CNMV for its offer to take over Spanish broadband operator Jazztel, ...

Spanish regulator clears Orange's takeover of Jazztel

Published 27 May 2015 08:45 CET | Spain
Spain's market regulator CNMV has authorised Orange's offer to take over Spanish broadband operator Jazztel a week after the ...

Orange secures EC approval of EUR 3.4 bln Jazztel takeover

Published 19 May 2015 14:34 CET | Spain
Orange has secured the European Commission's approval of its EUR 3.4 billion takeover of Spanish broadband operator Jazztel after ...

Yoigo CEO hints at MasMovil deal

Published 04 May 2015 09:54 CET | Spain
The CEO of Spanish mobile operator Yoigo has suggested the company may have to purchase smaller rival MasMovil to continue ...

Euskaltel, Telecable also interested in Orange Spain assets

Published 22 Apr 2015 10:12 CET | Spain
Spanish regional cable operators Euskaltel and Telecable, present in the Basque Country and Asturias respectively, have joined ...

Yoigo negotiating with EC over Orange Spain network - report

Published 25 Mar 2015 14:11 CET | Spain
Spain's fourth largest mobile operator, Yoigo, has opened negotiations with the European Commission over the possibility of ...