Orangewatch

Orange takes big steps forward on French, Spanish M&A

2026-06-09T13:20:00

orw-france spain manda

Source: Rolf Hecken / Unsplash

Orange has advanced its European M&A agenda, completing the full acquisition of MásOrange in Spain and moving forward a complex three-way deal to dismantle SFR in France. The competitive dynamics of both markets are being reshaped…

This article includes:

  • Themes: Market consolidation; Merger and acquisition (M&A); Spectrum allocation; Telecom competition; Telecom regulation; Value creation.
  • People: Christel Heydemann; Meinrad Spenger.
  • Geographic: France; Spain.
  • Organisations: Altice France; Bouygues Telecom; Cinven; European Commission (EC); Iliad Group; KKR; Lorca; MásOrange; Orange; Providence Equity Partners; SFR.

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