{"id":27175,"date":"2014-10-21T09:30:30","date_gmt":"2014-10-21T07:30:30","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=27175"},"modified":"2019-04-29T16:33:47","modified_gmt":"2019-04-29T14:33:47","slug":"orange-puts-plan-acquire-spanish-telco-jazztel-motion","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2014\/10\/orange-puts-plan-acquire-spanish-telco-jazztel-motion\/","title":{"rendered":"Orange puts plan to acquire Spanish telco Jazztel into motion"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-27176\" src=\"https:\/\/www.rudebaguette.com\/assets\/jazztel.jpg\" alt=\"jazztel\" width=\"655\" height=\"290\" \/><\/p>\n<p>Orange is continuing to roll-out its strategy to expand its reach in the European telco market. \u00a0<a href=\"http:\/\/uk.reuters.com\/article\/2014\/09\/16\/uk-orange-jazztel-idUKKBN0HA1SN20140916\" target=\"_blank\" rel=\"noopener\">After revealing in September its plans to acquire Jazztel in September with a 3.4 billion offer<\/a>, Orange<a href=\"http:\/\/www.orange.com\/fr\/presse\/communiques\/communiques-2014\/Orange-a-depose-sa-demande-d-autorisation-d-OPA-amicale-sur-l-operateur-espagnol-Jazztel\" target=\"_blank\" rel=\"noopener\"> formalized its intent with an\u00a0official request to the Spanish authority for financial markets (<span style=\"color: #0d0d0d;\">CNMV &#8211; Comision Nacional del Mercado de Valores)<\/span>\u00a0that the takeover bid receive the green light<\/a>.<\/p>\n<p>The impending acquisition is a key component of Orange&#8217;s strategy to grow and consolidate their position in the Spanish market, and, eventually, surpass Vodafone. In <a href=\"http:\/\/uk.reuters.com\/article\/2014\/09\/16\/uk-orange-jazztel-idUKKBN0HA1SN20140916\" target=\"_blank\" rel=\"noopener\">speaking recently with Reuters, CEO Stephane Ricard discussed the\u00a0acquisition<\/a>, adding\u00a0<em>&#8220;We are doing this deal to accelerate our growth in Spain, particularly in fixed-mobile convergent offers,&#8221; Orange Chief Executive Stephane Richard said.\u00a0&#8220;The new company will be the incontestable number two in fixed services and third in mobile behind Vodafone, but we think we&#8217;ll be able to take second place pretty quickly.&#8221;<\/em><\/p>\n<p>Jazztel looks to be a good fit for Orange and will certainly help them accelerate their share in the Spanish telco market. \u00a0<a href=\"https:\/\/www.rudebaguette.com\/wp-admin\/post-new.php\">Will 1.4 million ADSL lines and 1.1+ million mobile contracts, Jazztel has grown into an important player in the Spanish telco space<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orange is continuing to roll-out its strategy to expand its reach in the European telco market. \u00a0After revealing in September its plans to acquire Jazztel in September with a 3.4 billion offer, Orange formalized its intent with an\u00a0official request to the Spanish authority for financial markets (CNMV &#8211; Comision Nacional del Mercado de Valores)\u00a0that the<\/p>\n","protected":false},"author":77,"featured_media":27176,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[1257],"class_list":["post-27175","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-orange"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/27175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=27175"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/27175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/27176"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=27175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=27175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=27175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}