US EditionOrange takes full ownership of MasOrange
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As previously announced by the French-born company, Orange revealed that it signed a binding agreement to acquire the full ownership of MasOrange, its subsidiary in Spain whose property currently shares with Lorca, an investment vehicle managed by KKR, Cinven and Providence. The telecommunications group maintains its offer to acquire 50% of the Spanish operator that does not own at a price of 4,250 million euros in cash. This announcement confir…
Freshfields advises on the sale of 50% of MasOrange for €4.25bn
Freshfields has advised Cinven, KKR and Providence, sponsors of Lorca, an entity that indirectly holds 50% of MasOrange, in a binding sale agreement for Orange to acquire, through its wholly owned subsidiary Atlas Services Belgium, the entirety of Lorca’s indirect stake in MasOrange. The transaction represents a significant milestone for Spain’s telecommunications operator with the highest number of customers. In 2020, Cinven, KKR and Providence…
Orange advances towards full ownership of Spanish JV
Orange signed a binding agreement to buy out its partner in Spanish venture MasOrange for €4.3 billion, finalising an initial deal signed at the end of October. The transaction between Orange and Lorca, which is backed by investment companies Cinven, KKR and Equity Partners, is subject to regulatory approval and other closing conditions being met. It is expected to be completed in the first half of 2026. Orange positioned the deal as acceleratin…
The deal with Lorca has become engaging, the operator is ready to pay more than 4 billion to take over the lead of MasOrange. Orange announced the signing of an agreement with Lorca to acquire all of MasOrange, the first telecom operator in Spain in number of customers. This transaction previews the acquisition by Orange of the 50 [...] The Orange article is taking a new step in taking control of an operator to become number 1 of Spain has been …
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TV Tech Industry NewsOrange takes full ownership of MasOrange
Orange has signed a binding agreement with Lorca to acquire full ownership of MasOrange, Spain’s leading telco in terms of customer base, through the acquisition of the remaining 50 per cent stake in its Spanish joint venture for a price of €4.25 billion in cash. This announcement confirms the non-binding agreement that was announced earlier […]
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