Jazztel bidder Orange expects to close deal in the Spring
Orange’s [EPA:ORA] expects to close its takeover of the Spanish telecom operator Jazztel [BME:JAZ] this Spring, Europa Press reported. The Spanish-language item cited French teleco Chairman and CEO Stephane Richard at a press conference on Tuesday.
Orange's EUR 3.4bn offer for Jazztel is currently at a Phase II enquiry by the European Commission (EC).
Richard also said he expected British Telecom's (BT) acquisition of Deutstche Telekom and Orange's UK operator Everything Everywhere (EE) to close soon.
BT announced last December exclusive talks to Deutsche Telekom and Orange to acquire EE, valued at GBP 12.5bn (EUR 15.991bn).
Europa Press