Orange launched a public bid to acquire Jazztel, a network operator offering broadband and triple play services in Spain. The offer of 13 euros per share in cash represents a premium of 34% compared to where the stock has been trading. The price of 100% of Jazztel’s capital amounts to 3.4 billion euros.
Orange said the acquisition would make it the second biggest fixed-line broadband operator and one of the most dynamic players in the mobile segment in Spain. Orange estimates synergies for the combined entity of up to 1.3 billion euros, in particular thanks to savings in operational expenditure and investments in networks.
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
