Másmovil purchase assets Orange fiber network Jazztel – Investing.com Spain

MADRID (Reuters) – The MasMovil telephone operator said Monday it has reached an agreement with Orange (PARIS network assets to acquire broadband Jazztel (MADRID :).

The agreement between MÁSmovil and Orange is a result of the conditions imposed by the competition regulator for the purchase of Jazztel by the French telecom operator, aimed at preventing the concentration of broadband infrastructure and facilitate there is a fourth operator in this market in Spain, with Telefonica (MADRID and Vodafone (LONDON:).

In a statement, Másmovil said he bought 13 plants in the fiber optic network and Jazztel have added that wholesale access at preferential rates to the network of Jazztel for four years.

Másmovil, whose shares rose one percent in the Alternative Investment Market (MAB), said after the agreement may compete with other operators in 18.6 million homes.

The operator said it will now conduct a comprehensive offering of telecommunications in Spain, after reaching another agreement with Orange for which you have access to the 4G network Orange in June.

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