Ron Burgundy Posted September 16, 2014 Share Posted September 16, 2014 By Leila Abboud and Julien Toyer PARIS/MADRID (Reuters) - France's Orange has reached a deal to buy Spanish fixed line telecoms operator Jazztel in an effort to bolster its mobile operation in the country and better compete with rivals Telefonica and Vodafone. The French group made an offer for 100 percent of Jazztel shares at 13 euros per share in cash, which values Jazztel at 3.4 billion euros($4.40 billion). The acquisition will be financed through a combination of hybrid bonds and a capital increase of up to 2 billion euros at Orange. ... View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.