US EditionOrange: Orange announces a non-binding agreement with Lorca to acquire their 50% stake in MasOrange and fully own the leading operator* in Spain
26 Articles
26 Articles
The French teleco Orange has announced a non-binding agreement with Lorca, the investment vehicle created by the funds KKR, Cinven and Providence, to acquire for 4,250 million euros its 50% in MasOrange, the teleco fruit of the merger between MoreMovil and Orange in Spain. Thus, it will be made with 100% of the operator, leader in Spain by volume of customers, according to the gala company in a statement. "This operation will accelerate the Oran…
The French telecoms group entered into a preliminary agreement to purchase the entire Spanish operator MasOrange, of which it already held half, for 4.25 billion euros. ...
The French group is expected to buy half of MasOrange's capital held by the Lorca investment fund. This operation consolidates the Spanish operator on its balance sheet.
Orange to Take Full Control of MasOrange JV in $4.9 Billion Deal
Orange SA has agreed to buy out the remaining stake in its joint venture MasOrange for $4.9 billion from a group of private equity firms in a deal that would hand sole ownership of the business to the French telecom giant and strengthen the firm’s position in its second-largest European market.
Orange , whose largest shareholder is the French State , acquires the 50% that did not own Masorange in exchange for 4,250 million euros and is done with the total control of the largest Spanish teleco by volume of customers, with more than 30 million. Likewise, the gala operator would take over the debt, which until the close of last year amounted to approximately 12,600 million euros.
The French operator will also take over the debt of 12,600 million euros
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