Spanish fixed-line player Jazztel has replaced its management board following its acquisition by Orange, effective from 1 July.
Orange CEO delegate Gervais Pellissier has been appointed Jazztel non-executive president, replacing Leopoldo Fernandez…
Spanish fixed-line player Jazztel has replaced its management board following its acquisition by Orange, effective from 1 July.
Orange CEO delegate Gervais Pellissier has been appointed Jazztel non-executive president, replacing Leopoldo Fernandez Pujals.
Orange Spain’s CEO Jean-Marc Vignolles has been named Jazztel CEO, replacing Jose Miguel Garcia Fernandez, while Carmen Recio Ferrer has been appointed secretary/director of the Spanish operator.
Last week, the French telco announced that it would delist Jazztel from 13 August, after 94.75% of its shareholders accepted Orange’s €13 per share acquisition offer.
Orange exercised its right to acquire the remaining 5.25% of Jazztel’s shares at the same price.
In order to gain regulatory approval for the deal, which was cleared in May, Orange has been asked to divest its fibre network, largely composed of redundant connections between Orange and Jazztel’s existing networks.
Listed MVNO Masmovil, which has publicly expressed an interest in the assets, has been tipped as the most likely candidate.
