Having already received approval from the European Commission (EC), Orange has also received authorisation from the Spanish Securities Commission (CNMV) for its €3.4 billion Jazztel acquisition, the final step needed for completion of the deal. “The offer was initially made …
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Spain’s competition watchdog (CNMC) said Orange must give its MVNO rival MasMovil temporary access to its 4G network within the next ten days, adding that there was a “clear failure” on the part of Orange to do so according to …
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Spain has the fastest LTE networks in the world, with average download speeds of 18Mb/s, according to a study by wireless network tracking service OpenSignal. Denmark, Finland and South Korea tied for second place with speeds of 17Mb/s. The US, …
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The European Commission (EC) has decided to expand on its assessment of the proposed acquisition bid by Orange for Jazztel. The EC announced the in-depth investigation is to determine whether the proposed acquisition is in line with EU merger regulation.
Operator group Orange said Tuesday it has made a cash offer for 100 per cent of Spanish carrier Jazztel, to the tune of €3.4bn.
Vodafone this week closed the acquisition of private equity-owned Spanish cable operator Ono for which it paid €7.2bn. Ono offers high speed broadband and pay TV services in Spain and Vodafone said that the transaction will accelerate its unified communications strategy “in a highly converged European market”.
The Spanish telecoms market continues to be a hotbed of consolidation, as European private equity firm Cinven on Monday announced plans to acquire a fibre network running through Spain and Latin America, from Spanish natural gas utility, Gas Natural Fenosa, for €510m.
UK-based operator Vodafone has announced the acquisition of private equity-owned Spanish cable operator Ono for €7.2bn. Ono offers high speed broadband and pay TV services in Spain and Vodafone said that the transaction will accelerate its unified communications strategy “in a highly converged European market”.
Spanish Cable operator Ono has said it will press ahead with its planned IPO while continuing to engage with Vodafone over a possible acquisition, it has been reported. Citing two people “with knowledge of the matter”, news agency Bloomberg reported that Ono will slow preparations for the IPO, agreed at a board meeting on Thursday, to give Vodafone the option to up its previous bid, which was in the region of €7bn.