--Orange is considering a takeover bid for Spanish telecoms operator Euskaltel and has hired Credit Suisse as an adviser, according to news portal TMTFinance.com.

--Euskaltel's second largest shareholder, Zegona Communications, said earlier this week that it had raised money in order to increase its stake in the company and exert more influence over it.

--Euskaltel's market capitalization at Thursday close was of EUR1.33 billion.

Full story: https://bit.ly/2DiiDKq

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(END) Dow Jones Newswires

January 18, 2019 02:29 ET (07:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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