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Tag: jazztel
MasMovil declares itself Spain's fourth operator after Jazztel deal
2015-08-11 02:00:00| Total Telecom industry news
Deal fulfils European Commission remedies imposed on Orange's Jazztel takeover.
Tags: deal
fourth
operator
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MasMovil buys Jazztel assets to become no 4 Spanish operator
2015-08-10 17:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider MasMovil Ibercom said it will acquire certain fibre-optic network assets from Jazztel, which also agreed to allow its rival preferential access to its xDSL network for four years, renewable once. The deal aims to meet the conditions set by the EU to permit Orange's takeover of Jazztel and clears the way for MasMovil to become Spain's fourth national integrated operator.
Tags: spanish
assets
operator
buys
Orange takes 95% of Jazztel shares, remainder to follow
2015-06-29 02:00:00| Total Telecom industry news
Spanish broadband operator due to be delisted in August after Orange takes 100% control.
Spain approves Orange's Jazztel takeover
2015-05-27 02:00:00| Total Telecom industry news
13-per-share voluntary cash offer will open this week.
Tags: spain
approves
takeover
oranges
Orange secures EC approval of EUR 3.4 bln Jazztel takeover
2015-05-19 14:34:00| Telecompaper Headlines
(Telecompaper) 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 enter the market and compete as strongly as Orange and Jazztel so that "consumers in Spain would not suffer from higher prices for fixed internet access services." Orange won the EC's approval by agreeing to divest an independent FTTH network covering 700,000-800,000 households in Madrid, Barcelona, Valencia, Seville and Malaga, five of the largest Spanish cities. In addition, Orange committed to grant the purchaser of the FTTH network wholesale access to Jazztel's national ADSL network for up to eight years, a commitment that would allow the purchaser to compete immediately on 78 percent of Spanish territory, said the EC. Finally, the buyer would also be given wholesale access to Orange's mobile network including 4G services, if it does not already have access to a mobile network.
Tags: eur
orange
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