Utilize the input text as a context reference, choose the right relationship between Jazztel and Orange from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Orange completed a $3.8 billion takeover of Spain's Jazztel in June, reducing the main players in the Spanish telecoms market to three and ending a six-year period of falling prices in the Spanish mobile phone market.

Answer: owned_by