On March 31, 2015, we released a new research report on OrangeORAN. This follows the second postponement of Orange's antitrust probe by the European Union'S telecom regulatory agency, due to concerns about the impact of the proposed acquisition of Spanish broadband and wireless operator Jazztel on telecom retail price inflation in Spain. From this moment on, Orange is expected to face significant regulatory pressure in France, Belgium, and other European markets.