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Jazztel shareholder Alken says won't sell at 13 euros/shr

Reuters - UK Focus

MADRID, Sept 17 (Reuters) - Alken Asset Management, the second largest shareholder of Spanish telecommunications company Jazztel (Other OTC: JAZTF - news) , said on Wednesday it would not sell its 5 percent stake to France's Orange (Taiwan OTC: 4554.TWO - news) for the price offered.

Orange has offered to buy Jazztel for 13 euros ($16.835) per share, or around 3.4 billion euros, in a deal that could help the French company jump ahead of rival Vodafone in the country's mobile market. (1 US dollar = 0.7722 euro) (Reporting and Editing by Robert Hetz; Writing by Paul Day)