Take context from the input text and decide on the accurate relationship between 'Jazztel' and 'Orange' from the options provided.
Options: owned by, subsidiary, original broadcaster, position held

The deal is the fourth big telecoms deal in Spain in the last 18 months, after Vodafone bought Ono, Orange (Taiwan OTC: 4554.TWO - news ) snapped up Jazztel (Other OTC: JAZTF - news ) and Euskaltel (Madrid: EKT.MC - news ) last week agreed an offer for R Cable.
owned by