& cplSiteName &

Eurobites: Jazztel Shareholders Say Yes to Orange Bid

Paul Rainford
6/26/2015

  • Also in today's EMEA regional roundup: Intelsat invests in OneWeb; CityFibre claims progress in Peterborough; Virgin Media buys in euro-soccer.

  • Shareholders in Spanish broadband provider Jazztel plc have voted -- virtually unanimously -- to accept Orange (NYSE: FTE)'s €3.4 billion (US$3.8 billion) takeover bid. Orange had to make a number of concessions on the deal to get it past the European Commission, including the sale of a fiber network. (See Fiber Sizzles in Spain as Orange Targets Jazztel.)

  • Intelsat Ltd. is to invest $25 million in OneWeb, the venture that plans to build and operate a low-earth-orbit Ku-band satellite "constellation." OneWeb's stated primary goal is to "bridge the digital divide for rural areas."

  • CityFibre , which is challenging BT Group plc (NYSE: BT; London: BTA) on UK fiber rollouts, has revealed that 126 local businesses -- representing, it says, 3.2% of the "total addressable business market" -- have signed up for network service contracts with CityFibre's service provider partners on its Peterborough CORE project. (See CityFibre Aims for BT's Wholesale Business.)

  • France's President Hollande has called the UberPop taxi-hailing service illegal and demanded that it be shut down, reports Bloomberg. French taxi drivers caused havoc this week with a protest in Paris against the service, blocking access to the city's airports.

  • Virgin Media Inc. (Nasdaq: VMED) has bolstered its pay-TV offer with the buying-in of the BT Sport Europe channel. BT has made great play of the fact that from next season it will have exclusive rights to screen European Champions League soccer -- which is hardly surprising as it paid handsomely for the privilege. (See Confirmed: BT's Got Euroballs.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (1)  | 
    Comment  | 
    Print  | 
  • Threaded  |  Newest First  |  Oldest First        ADD A COMMENT
    Susan Fourtané
    Susan Fourtané
    6/26/2015 | 2:18:44 PM
    Angry taxi drivers
    "French taxi drivers caused havoc this week with a protest in Paris against the service, blocking access to the city's airports."

    Wasn't that a bit too much? What can they get from blocking access to travelers who are not responsible for the problem? Yes, I know it's a way of pushing to get what they want. It's not fair, though. I don't think it's the way of doing things. 

    -Susan
    Featured Video
    Upcoming Live Events
    October 1-2, 2019, New Orleans, Louisiana
    October 10, 2019, New York, New York
    October 22, 2019, Los Angeles, CA
    November 5, 2019, London, England
    November 7, 2019, London, UK
    November 14, 2019, Maritim Hotel, Berlin
    December 3, 2019, New York, New York
    December 3-5, 2019, Vienna, Austria
    March 16-18, 2020, Embassy Suites, Denver, Colorado
    May 18-20, 2020, Irving Convention Center, Dallas, TX
    All Upcoming Live Events