What is the relationship between Jazztel and Orange in the context of the input sentence. Choose an answer from: 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