Orange Wins Conditional Approval From EU for Jazztel Deal
Orange SA’s bid for Spanish broadband provider Jazztel Plc won European Union approval after the French telecommunications carrier made concessions that paved the way for a fourth national operator in Spain.
The remedies ensure a new operator “can enter the Spanish market and be able to compete effectively in markets involving fixed Internet access services,” the European Commission said in an e-mailed statement Tuesday. “They address in full the competition concerns raised by the merger.”
Buying Jazztel would give Orange, Spain’s third-largest wireless carrier, about 1.5 million broadband subscribers to help bolster offers of combined broadband, TV and wireless packages. It’s another example of European landline assets being snapped up. Vodafone Group Plc completed the takeover of Spanish cable provider Grupo Corporativo ONO in July.
“A very important thing before agreeing to Orange’s takeover of Jazztel was to make sure that consumers in Spain would not suffer from higher prices for fixed Internet access services,” EU Competition Commissioner Margrethe Vestager said in the statement. “With the remedies in this merger a new player may enter the market and compete as strongly as Orange and Jazztel do today.”
To win approval for the deal, Orange said it pledged to to divest an independent fiber network covering 720,000 building units.
‘Redundant Connections’
These are “largely composed of redundant connections between the existing networks of Orange and Jazztel” and “the conditions of this sale ensure that no redeployment of fiber will be necessary in the areas divested,” Orange said in an e-mailed statement.
Orange committed to grant the purchaser wholesale access to Jazztel’s national ADSL network for up to eight years, the commission said.
The buyer would also get wholesale access to Orange’s mobile network including 4G services, unless the purchaser already has access to a mobile network, according to the commission.
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