Jazztel

Orange Buys Up Spain’s Jazztel for €3.4 Billion
bestbroadbandreports.com

French telecom giant Orange on Monday said it was set to make a €3.4-billion offer ($4.4 billion) to acquire Spanish fixed-line operator Jazztel. If the acquisition goes ahead, Orange expects synergies worth €1.3 billion from the deal, which would create Spain’s second-largest fixed broadband carrier and third-largest mobile network operator.

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