Orange Spain considers going public
Juan Fernandez Gonzalez
| 03 September 2015
Orange's subsidiary in Spain is interested in going public, according to managing director Jean Marc Vignolles.
In an interview with the newspaper El Economista, Vignolles said the Orange Group has "intention and interest" in entering Spain's stock market after closing "Orange's largest deal outside France in the last ten years," referring to its recent acquisition of Jazztel, which it subsequently delisted.
After an investment of nearly Ä3.5 billion, Spain has become Orange's second largest market, in which it carries a telecoms operation including broadband, fibre-to-the-home (FTTH) and pay-TV.
Indeed, last week the company launched a convergent offer based on a 300Mbps fibre connection with a refreshed pay-TV offer.
Although having acquired a five-million-home FTTH network through the purchase of Jazztel, Vignolles doesn't consider the brands' integration to be as urgent as improving the telecom services and opening Orange TV's door to former Jazztel clients.