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General

Orange secures EC approval of EUR 3.4 bln Jazztel takeover

Tuesday 19 May 2015 | 14:34 CET | News
Orange has secured the European Commission's approval of its EUR 3.4 billion takeover of Spanish broadband operator Jazztel after agreeing to a series of concessions designed to address competition concerns by creating a fourth major player in Spain. Orange's commitments will "ensure that a new operator can enter the Spanish market and be able to compete effectively in markets involving fixed internet access services," said the EC in a statement. The EU's antitrust commissioner Margrethe Vestager added that the remedies would allow a new player to compete as strongly as Orange and Jazztel so

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Categories: General
Companies: European Commission / Jazztel / Orange
Countries: Spain
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