US EditionMasOrange Offloads Energy Unit in €90M Deal
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9 Articles
Endesa has acquired for about 90 million euros the energy marketer of the telecommunications group MasOrange and its 350,000 customers of energy and gas.
MasOrange offloads energy unit in €90M deal
Spanish electric utility company Endesa struck a €90 million deal to acquire Energia Colectiva, the digital energy retail arm of MasOrange, as the companies aim to merge energy and telecoms services for customers across Spain. Through its subsidiary Endesa Energia, the utility will take full ownership of Energia Colectiva from Xfera Moviles, a MasOrange group company. The deal is subject to regulatory approval and standard closing conditions. En…
MasOrange and Endesa to offer each other's products to customers - Mobile Europe
More than 1 million customers could benefit from the best offers for energy and telecoms products and services if the proposal is approved by competition authorities The Spanish power company Endesa and the country’s largest telco have signed a deal to market each other’s offers. Endesa is to offer MasOrange’s telecoms services its customer base of more than 7 million in Spain. The services will be “a comprehensive solution for all their communi…
MasOrange and Endesa signed an agreement for the commercialization of energy and telecommunications in Spain, which includes the sale of the operator’s energy marketer (Collective Energy) to the electrical firm. Due to its scope, the alliance is conditioned to the prior approval of the competition authority. Under the agreement, Endesa will offer MasOrange’s telecommunications services to its more than 7 million customers and, in parallel, the o…
Specifically, this electricity supplier owned by MasOrange, which Endesa has acquired, is called Energía Colectiva. For a price of €90 million, the electric company acquires this division, which has a total of 350,000 customers. However, both companies have clarified that the final sale value "is subject to the usual adjustments in this type of transaction. The closing of the entire transaction is subject to prior approval by the competition aut…
elperiodicodelaenergia.com
The Objective | Periodismo ethosEndesa has concluded an agreement with MasOrange to acquire for 90 million euros the digital energy marketer of the teleco, called Collective Energy, which has approximately 350,000 customers of electricity and gas. "The agreed price is approximately 90 million euros, subject to the usual adjustments in this type of operations. The closure of the entire transaction is conditioned to the prior approval of the competition authority (in reference t…
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