Eurobites: Jazztel Shareholders Say Yes to Orange Bid

Paul Rainford
News Analysis
Paul Rainford, Assistant Editor, Europe
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

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