Jazztel shareholders overwhelmingly back Orange's takeover bid

French telecom group Orange's bid for Spanish rival Jazztel has been backed by 95 percent of Jazztel shareholders, Spain's stock market regulator said on Friday. Such a strong backing for the takeover, which valued Jazztel at 3.4 billion euros, means that Orange is now likely to take the company private and merge it with its Spanish unit, although it has said it would later list part of the merged company on the Madrid stock market. With the purchase Orange will expand its presence in