Orange/Masmovil pick Digi to buy assets being sold to address EU concerns - sources

Digi Communications

24/10/2023 16:22

BRUSSELS, Oct 24 (Reuters) - French telecoms group
Orange  ORAN.PA  and Spanish peer MasMovil have picked Romania's
Digi  DIGI.BX  to buy assets they plan to divest to address EU
antitrust concerns over their Spanish tie-up, two people with
direct knowledge of the matter said on Tuesday.
    Orange and MasMovil, the second and fourth largest telecoms
providers in Spain, announced the deal which has an enterprise
value of 18.6 billion euros ($19.7 billion) in July 2022.
    The European Commission in June warned the companies that
the deal, which will reduce the number of mobile players in
Spain from four to three, may reduce competition and push up
prices in Spain.
    ($1 = 0.9440 euros)

 (Reporting by Foo Yun Chee
Editing by Mark Potter)
 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
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