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Jazztel

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Jazztel
Company typeSubsidiary of Orange España
IndustryTelecommunications
Founded1998 (1998)
FounderMartin Varsavsky
Headquarters
Madrid
,
Spain
Area served
Spain
Key people
(Chairman)
Jose Miguel Garcia Fernandez (CEO)
ProductsBroadband Internet access
OwnerOrange España
Websitewww.jazztel.com
ASN
Peering policyRestrictive

Jazztel is a Spanish telecommunications company which offers triple play services (telephone, Internet and television). Jazztel was founded in 1998 by Martin Varsavsky. Jazztel is a Spanish company that is owned by a British company called Jazztel p.l.c. It was incorporated under the laws of England and Wales in July 1998. It is Registered in England and Wales with Company Number 3597184. Its Registered Office is at 20-22 Bedford Row, London, WC1R 4JS, UK.

Jazztel p.l.c. is listed on the Spanish Nuevo Mercado since December 18, 2000. In April 2013, Jazztel replaced Bankia in the IBEX 35 benchmark index, which comprises the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index.[1]

Recent news

Jazztel is currently growing customer base and EBITDA. As of the end of the first quarter of 2010 Jazztel had 680,000 customers and had grown 58% from a year before. Jazztel grew its EBITDA from €5,900,000 in first quarter 2009 to €15,700,000 in the first quarter of 2010.

In September 2014, it was agreed that Orange España would acquire Jazztel for a fee of €3.4 billion.[2]

Strategy

Jazztel's competitive strategy consists in relying in its fiber-optic network combined with the use of Telefonica's copper lines for terminations. Jazztel's growth is mainly due to the sales of ADSL services but the company also resells TV and mobile services.

References

  1. ^ http://www.expansion.com/2013/04/09/mercados/1365488747.html
  2. ^ "Orange strikes 3.4 billion euro deal to buy Spain's Jazztel" (Press release). Reuters. 15 September 2014.


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