Orange gets full control of Spain's MasOrange for €4.25 billion
08/06/2026 17:19
Orange gets full control of Spain's MasOrange for €4.25 billion June 8 (Reuters) - Orange ORAN.PA has acquired full ownership of MasOrange, Spain's largest telecoms operator, after buying out its joint venture partner in a €4.25 billion ($4.91 billion) deal, it said on Monday.
The French telecoms group completed the purchase of the remaining 50% stake from Lorca after securing all required approvals, including from the European Commission, and will fully consolidate MasOrange. CEO Meinrad Spenger will join Orange's executive committee.
($1 = 0.8663 euros)
(Reporting by Jerome Terroy; editing by Barbara Lewis)