The success of the tender means that Orange will pay €3.179 billion for Jazztel, with settlement expected to take place on Wednesday.
Orange has decided to exercise its rights to a squeeze-out of remaining shareholders, which is expected to be completed around August 136 for an additional €176 million.
Jazztel’s shares will be automatically delisted at the end of the squeeze-out period.
Orange said it was “very satisfied” with the result and that the acquisitions would enable the group to benefit from synergies.
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