Orange gets Spanish green light to absorb MásOrange
Spanish government said to follow EC in allowing Orange to absorb local joint venture, ahead of June target for completion. Move sees French operator clear another barrier to consolidation of Spanish telco major and realisation of accompanying ambitions for growth.
This article includes:
- Organisations: Altice France; Bouygues Telecom; Cinven; Digi Spain; El Economista; European Commission; European Union; GIC; Iliad Group; KKR; Lorca; MásOrange; MÁSMÓVIL; Orange; PremiumFiber; Providence Equity Partners; SFR; stc; Telefónica; Vodafone Group; Vodafone Spain; Zegona Communications.
- Geographic: Europe; France; Saudi Arabia; Singapore; Spain; United Kingdom.
- People: Christel Heydemann.
- Themes: 5G; acquisitions; anti‑takeover law; broadband; competition policy; consolidation; Foreign Subsidies Regulation; joint venture; mergers and acquisitions; private equity; regulatory approval; revenue growth; sovereign wealth fund; telecommunications; takeover; wholesale relationships.
- Events: COVID‑19 pandemic; European Commission merger approval; MásOrange joint venture formation; Orange Spain and MÁSMÓVIL merger; SFR acquisition talks; Vodafone Spain acquisition by Zegona Communications.
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