At what enterprise value was JAZZTEL acquired in 2014?

During the acquisition of JAZZTEL by ORANGE in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of JAZZTEL when it was acquired by ORANGE?

The estimated EV/EBITDA multiple for JAZZTEL is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was JAZZTEL acquired by ORANGE?

JAZZTEL was acquired by ORANGE in 2014.

What was the revenue of JAZZTEL at the time of the deal?

The revenue of JAZZTEL at the time of the deal is estimated to be in the range of 750M - 1.3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of JAZZTEL during the acquisition?

JAZZTEL's EBITDA is estimated to be in the range of 150M - 250M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the JAZZTEL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the JAZZTEL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lesechos.fr/2015/08/orange-detient-desormais-100-de-lespagnol-jazztel-269905

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Home Database TMT (Tech, Media, Telecom)JAZZTEL

09/2014

JAZZTEL acquired by ORANGE

SPAIN Telecom / Operators EV 3b - 100b EUR

Context

The transaction is structured as a voluntary all-cash public tender offer targeting 100% of the outstanding share capital of Jazztel. Execution remains contingent upon a mandatory minimum acceptance threshold representing half of the total voting rights plus one share. The founding chairman and lead shareholder committed via an irrevocable undertaking to tender his entire 14.5 percent equity stake into the offer. Dual regulatory jurisdiction applies with both the Spanish CNMV and the UK Takeover Panel supervising the cross-border corporate procedure due to the target’s corporate domicile. The industrial logic centers on extracting massive operational synergies through network harmonization and capital expenditure reductions. This strategic combination halts parallel acquisition discussions regarding smaller mobile operators to isolate execution risks on the immediate integration roadmap. Anti-trust clearance follows an expedited phase-one merger control review by competition authorities analyzing local market concentration metrics.

JAZZTEL, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Jazztel PLC, a UK-incorporated corporate entity with principal operational headquarters in Spain, provides fixed-line broadband internet access and retail mobile telecommunications. The firm operates an proprietary ADSL infrastructure network and simultaneously rents wireless network capacity to supply integrated triple-play services. This operational structure creates an industrial reliance on third-party network owners for mobile data transit. Revenue stems from recurring monthly subscriptions locked under fixed-term consumer contracts. A sticky base of 1.5 million broadband subscribers yields stable cash generation within a highly saturated telecommunications landscape. High customer switching costs characterize the bundled service segment where multi-product adoption deters subscriber churn. Severe price competition and continuous tariff deflation driven by macroeconomic recession historical pressures topline expansion. Local regulatory oversight by the Spanish securities watchdog and telecom authorities governs network access pricing and prevents unregulated infrastructure duplication by uncapitalized market entrants.

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REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of JAZZTEL by ORANGE are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: jazztel

Acquirer: orange