Industry Minister supports the consolidation of the telecommunications sector in Spain.
The Minister of Industry, Energy and Tourism, José Manuel Soria, frowns offer Orange to seize Jazztel, and considered the “positive and supportive” operation, since “going online” with defending the government “in a while.”
In an interview with RNE collected by several news agencies, the minister referred to the differences between the telecommunications sector in Spain and Europe compared with the United States, China and Japan. Here, he recalled, there are many companies, while in other parts of the world, “there are a limited number of operators”, which allows for companies with “muscle” that can make investments.
“The process of Consolidation is normal “and” will continue to happen, “said the minister, adding that” in Spain has started earlier than in other countries “, with the purchase of ONO by Vodafone and” now the announcement “Jazztel and Orange .
With all this, he said, “is going in the right direction.” This, he argued, by going to “global players to do the necessary to improve customer service investments.” In addition, responsible for Industry stressed that this process “would have to go beyond.”
The telecommunications operator Orange announced yesterday that it had reached an agreement to launch a bid for Jazztel at a price of 13 euros per share, valuing the company at more than 3,334 million euros.
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