EU Regulators to clear Orange, Jazztel deal – Sources

EU antitrust regulators are set to clear Orange’s 3.4-billion-euro ($3.79 billion) bid for Spanish peer Jazztel after the French telecoms operator offered to sell overlapping assets, three people familiar with the matter told Reuters on Thursday.

“The merger will be approved,” said one of the sources, who declined to be named because the European Commission has yet to announce its decision.

The sources said Orange has offered to sell overlapping assets with Jazztel, including parts of the Spanish provider’s fiber network, and also to sign wholesale ADSL (broadband) agreements with rivals.

Source: Reuters