Orange bid for Jazztel accepted by 95 percent of shareholders: report

The logo of Orange is seen on a car parked outside French internet service provider and mobile phone operator Free company headquarters in Paris, August 1, 2014.

/Christian Hartmann

The takeover bid of French telecoms group Orange (ORAN.PA) of Spain's Jazztel (JAZ.MC) was accepted by 95 percent of shareholders of the Spanish group, business daily Expansion said on Friday.Such a high backing for the offer means that Orange is now likely to take the company private, although it has said it would later launch an initial public offering to list part of the firm resulting from the merger of its Spanish unit and Jazztel. (Reporting by Julien Toyer; Editing by Biju Dwarakanath)