Jazztel sale draws nearer

May 6, 2014 08.07 Europe/London By Chris Dziadul

JazztelThe Spanish alternative telco Jazztel has undergone a change in ownership, with Fidelity reducing and Deutsche Bank increasing the shares they hold in the company.

Cinco Dias reports that the US’ Fidelity now holds a 4.01% stake, having reduced it from 4.55% and – only a few weeks ago – 4.94%.

However, it remains the second largest shareholder after the president Leopoldo Fernandez Pujals, who owns 15%.

Deutsche Bank has meanwhile increased its presence from 2.19% to 2.24% in the last few days.

There have been strong rumours about a possible sale of Jazztel following on from the recent acquisition of Ono, Spain’s largest cable operator, to Vodafone.

These have resulted in its capitalization increasing by 44.6% since the start of the year.