Orange has announced a non-binding agreement to acquire the entire MasOrange
It plans to carry out the operation definitively by the end of this year, so that Euskaltel, integrated into MasOrange, will pass into the hands of the French company.
Euskaltel headquarters in Derio.
The French telecommunications company Orange has announced a non-binding agreement with Lorca, an investment vehicle created by the KKR, Cinven and Providence funds, for the purchase of 50% of MasOrange (resulting from the merger of MásMóvil and Orange in Spain) for 4.25 billion euros, which would absorb 100% of the operator, who is the leader in Spain for the number of customers, according to the company in a statement.
"This operation will accelerate Orange's strategic plan and further strengthen Orange's position in Spain, the group's second market in Europe," he said.
A binding agreement is expected to be signed before the end of this year, even if the heading is conditional on acceptance of the final conditions.
If the operation were to take place, it would fully affect Euskaltel, which will be in the hands of the French giant, since in 2021 the Basque operator joined the MásMóvil company after buying it for 3 billion.
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