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Jazztel shareholder rejects Orange bid
2014-09-17 02:00:00| Total Telecom industry news
Asset manager Alken says it is willing to sell its 5% stake for 20 per share.
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Orange offers to buy Jazztel for EUR 3.4 billion
2014-09-16 08:34:00| Telecompaper Headlines
(Telecompaper) Orange has launched an offer to acquire Spanish broadband operator Jazztel in a bid to compete with its two main rivals Telefonica and Vodafone. The agreement, which values Jazztel at EUR 3.4 billion, follows months of rumours that Orange had intensified its search for acquisition targets in Spain to avoid being left out of the country's telecoms market consolidation. The French operator made an offer for 100 percent of Jazztel shares at EUR 13 per share in cash, which Orange said was 34 percent more than Jazztel's average closing price in the last 30 days. The deal is subject to regulatory approval as well as to Jazztel shareholders tendering at least half of the stock on top of an almost 15 percent stake held by executives who have agreed to sell, including chairman Leopoldo Fernandez Pujals.
Orange makes 3.4bn Jazztel bid
2014-09-16 02:00:00| Total Telecom industry news
Telco claims merger will create Spain's second-largest fixed broadband provider; Jazztel cancels pursuit of Yoigo.
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Orange nears deal to buy Spanish fixed line operator Jazztel: sources
2014-09-15 22:20:49| Telecom - Topix.net
Jazztel shares rose 12 percent before being suspended by Spain's market regulator earlier on Monday, giving the group a market value of 3.09 billion euros at the close. Consolidation in the telecoms industry has been brewing for months in Spain, driven by tough competition and falling prices amid a deep recession.
Orange nears deal to buy Spanish fixed line operator Jazztel: sources
2014-09-15 21:59:47| IT Services - Topix.net
Jazztel shares rose 12 percent before being suspended by Spain's market regulator earlier on Monday, giving the group a market value of 3.09 billion euros at the close. Consolidation in the telecoms industry has been brewing for months in Spain, driven by tough competition and falling prices amid a deep recession.