PARIS: Orange said on Friday that its 3.4 billion euro ($3.7 billion) public offer for shares in Spanish operator Jazztel had been a success, sealing the French telecoms giant’s biggest acquisition in a decade.

Orange, which already has a unit in Spain, announced its plan to acquire Jazztel last September, but only received approval from European regulators last month after convincing them that consolidating operators in the country from four to three would not harm competition, and by agreeing to sell off some assets.

Positive response to the offer of 13 euros per share means a disbursement of 3.179 billion euros for Orange, which should be settled on July 1.