The wave of purchases and acquisitions in the telecommunications market and seems to reach at Jazztel . La Bolsa, attentive for a year to any movement on the company headed by Leopoldo Fernández Pujals ago, has chosen today to imminent offer and the price has shot up to 17%, when the CNMV has decided to suspend negotiations by titles.
In particular, investors bet drew a bid of Orange, according to market sources, would value Jazztel euro 3,000 million . The suspension of trading operator came when its price was just over $ 12 and investors expect an offer that could rise to 14 euros.
The Orange Market, a subsidiary of France Telecom is almost the only option Jazztel as a buyer. But on the other hand, the French group has also great alternatives to grow by absorbing rivals and reduce the distance that separates it from Vodafone and Telefónica.
After the takeover by Vodafone ONO last April and it was impossible to grow Telefonica based market purchases of fixed and mobile telephony, this equation is what has allowed investors cling to Jazztel, ignoring the apparent disinterest of Orange. So far this year, shares have risen Jazztel 30% appreciation in the last 12 months reached 53.6%.
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