Orange has reached a agreement to purchase 50% of MasOrangetheir joint telecommunications company in Spain, which was not yet in their possession. will pay for it 4.250 million dollars in cash to Lorcathe group of investors that owned half of MasOrange until now.
Once the operation is completed, Orange will be its sole owner, after negotiations that have lowered the initial Price of the package, for which Lorca (made up of Cinven, KKR and Providence Equity Partners) requested, according to Bloomberg, a minimum of 5,000 million euros.
However, the signing of the agreement is not immediate, nor is the conclusion of the operation. Orange hopes to be able to sign the agreement before the end of the year, and that the purchase will close during the first half of 2026, after obtaining the relevant regulatory authorizations and presenting it to worker representatives.
The group of investors bought Másmóvil in 2020 for 3,000 million euros. The operator later merged with the Spanish division of Orange, through an 18.6 billion euro agreement that gave rise to MasOrange. This agreement launched the largest operator in the country in number of clients.
At the time of the merger, Orange received a cash payment of 4.4 billion euros, but it still had to Buy 50% of MasOrange, for which it already has an agreement. And according to the statement in which the operator confirms the agreement reached.
The company also points out that the operation will accelerate its strategic plan, which it has called Lead the Future. Also will contribute to strengthening Orange’s position in Spainthe group’s second largest market in Europe. Now with the ownership of all of MasOrange in Spain, Orange confirms its long-term commitment to Spain.
