je.st
news
EC poised to approve Orange-Jazztel merger - report
2015-05-04 09:08:00| Telecompaper Headlines
(Telecompaper) The European Commission is set to approve Orange's proposed EUR 3.4 billion takeover of Spanish operator Jazztel after attaching a series of strict conditions to the deal, according to unnamed sources cited by Reuters. Orange submitted a number of concessions to the EC last month in an attempt to ease concerns about the competitive implications of the takeover. The concessions included a commitment to sell overlapping assets, including parts of Jazztel's fibre optic network, and to offer broadband capacity to rivals on a wholesale basis. The EC's antitrust authority finally accepted the concessions with some modifications, according to the sources, and will clear the merger by the 01 June deadline. A separate report in Spanish daily El Pais suggested that Orange has been given until 25 June to wholesale broadband capacity to a Spanish rival.
Tags: report
approve
merger
poised
Category:Telecommunications