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General

Jazztel shareholder Go Investment ready to accept Orange bid

Tuesday 23 September 2014 | 14:51 CET | News
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One of the main shareholders of Spanish broadband operator Jazztel, London-based Go Investment Partners, is ready to accept Orange's offer of EUR 13 per share for Jazztel. Gavin Morris, a partner in Go Investment Partners and a former Jazztel director told business daily Expansion that the offer is "good and comes at a logical time during the process of consolidation of the Spanish telecommunications sector". Jazztel's second largest shareholder, UK-based Alken Asset Management, last week said it would not sell its 5 percent stake to Orange for the price offered, which it considered

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Categories: General
Companies: Jazztel / Orange
Countries: Spain
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