Orange Acquires MasOrange for €4.25bn
Orange has reached a non-binding agreement to acquire the remaining 50% of MasOrange for €4.25 billion in cash.
- Targeted binding deal by the end of the year
- Completion expected in the first half of 2026, subject to approvals
Orange states the transaction can be funded without changing its dividend policy.
Full ownership consolidates Orange's position in its second-largest market.
MasOrange was created in 2024 through the merger of Orange España and MásMóvil, with around 31 million mobile and 7 million fixed-broadband subscribers.
The stake will be purchased from funds advised by KKR and Cinven, and from Providence.
Author's summary: Orange buys MasOrange for €4.25bn.