Orange's Spanish unit hires BNP Paribas to sell fibre network stake, El Confidencial says

Antin Infrastructure Partners SAS

16/10/2024 08:01

MADRID, Oct 16 (Reuters) - MasOrange, the Spanish unit
of French telecom group Orange  ORAN.PA , has hired BNP Paribas
to sell its stake in the fibre network it shares with Vodafone
Spain, El Confidencial website reported on Wednesday, citing
unnamed market sources.
    MasOrange and Vodafone Spain, recently acquired by
London-based Zegona  ZEG.L , set up in July a joint company
operating their fibre optic networks in the country.
    MasOrange, which is 50% owned by Orange, now seeks to sell
its stake in the joint company, El Confidencial said, adding
that the stake is worth between 2.8 billion euros ($3.05
billion) and 4 billion euros.
    Several infrastructure funds, including France's Antin
 ANTIN.PA  and Australia's Macquarie are interested in the
stake, El Confidencial said.  
    Masorange declined to comment. BNP Paribas did not
immediately respond to a request for comment. Antin and
Macquarie had no immediate comment.
    ($1 = 0.9194 euros)

 (Reporting by Inti Landauro. Editing by Jane Merriman)
 ((Inti.Landauro@thomsonreuters.com;))