Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Orange offers €4 billion to acquire the remaining 50% of MasOrange, aiming for full ownership. The stake is owned by KKR, Cinven, and Providence.
MADRID (Reuters) -French telecom operator Orange has offered to buy the 50% it does not own in its Spanish unit MasOrange for 4 billion euros ($4.68 billion), Spanish news website El Confidencial reported on Tuesday, citing unidentified sources.
The offer for the stake that is jointly owned by private equity funds KKR, Cinven and Providence is not binding, El Confidencial said.
Orange's fully owned Spanish unit last year merged with rival MasMovil, which was owned by the three funds.
Orange, MasOrange, KKR and Providence declined to comment, while a spokesperson for Cinven did not immediately respond to a request for comment.
($1 = 0.8548 euros)
(Reporting by Inti Landauro)
Orange has offered to buy the remaining 50% of its Spanish unit MasOrange for 4 billion euros, which is approximately $4.68 billion.
The stake is jointly owned by private equity funds KKR, Cinven, and Providence.
No, the offer for the stake is not binding, according to El Confidencial.
Orange's fully owned Spanish unit merged with rival MasMovil last year, which was owned by the three private equity funds.
Orange, MasOrange, KKR, and Providence declined to comment, while a spokesperson for Cinven did not immediately respond to a request for comment.
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