Orange buys full control of MasOrange for 4.25 billion
Orange has completed the purchase of a 50% stake from Lorca to take full control of Spain's largest telecoms operator. The 4.25 billion euro transaction received all necessary regulatory approvals and allows the French group to fully consolidate MasOrange into its financial operations.
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ORANGE acquired full ownership of MasOrange for €4.25 billion ($4.91 billion) on June 8. The deal consolidates the largest telecom operator in Spain under the French group's control. This acquisition simplifies Oranges capital structure and secures its dominant position in a core European market.
