Posted On: 05/19/2015 7:24:21 AM
Post# of 17650
BRUSSELS--Orange SA (ORA.FR) has secured European Union approval for its 3.4 billion euro ($3.87 billion) acquisition of Spanish broadband and cellphone operator Jazztel PLC (JAZ.MC) after agreeing to a package of divestments and network agreements that would help create a new telecoms rival in Spain.
The merger will almost double Orange's market share in broadband Internet access in Spain, leapfrogging Vodafone Group PLC to become the country's second-largest provider in that segment. Both companies trail the market leader, Telefónica SA.
The merger will almost double Orange's market share in broadband Internet access in Spain, leapfrogging Vodafone Group PLC to become the country's second-largest provider in that segment. Both companies trail the market leader, Telefónica SA.
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