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Orange gets full control of Spain's MasOrange for €4.25 billion - Finance news and analysis from Global Banking & Finance Review
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Orange gets full control of Spain's MasOrange for €4.25 billion

Published by Global Banking & Finance Review

Posted on June 8, 2026

1 min read

· Last updated: June 8, 2026

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Orange Acquires Spain's MasOrange for €4.25 Billion, Secures Full Ownership

Orange's Strategic Acquisition of MasOrange

Deal Overview

June 8 (Reuters) - Orange has acquired full ownership of MasOrange, Spain's largest telecoms operator, after buying out its joint venture partner in a €4.25 billion ($4.91 billion) deal, it said on Monday.

Transaction Details and Approvals

Stake Purchase and Regulatory Approvals

The French telecoms group completed the purchase of the remaining 50% stake from Lorca after securing all required approvals, including from the European Commission, and will fully consolidate MasOrange. CEO Meinrad Spenger will join Orange's executive committee.

Financial Conversion

($1 = 0.8663 euros)

Reporting Credits

(Reporting by Jerome Terroy; editing by Barbara Lewis)

Key Takeaways

  • Orange paid €4.25 billion in cash to acquire Lorca’s remaining 50% stake in MasOrange, Spain’s largest telecom operator by customer base (newsroom.orange.com).
  • Regulatory approval was secured from both the European Commission and the Spanish government’s Council of Ministers, permitting full consolidation of MasOrange (cincodias.elpais.com).
  • MasOrange, formed in 2024 from the Orange–MásMóvil joint venture, improved its financials in 2025, growing revenue nearly 3% and reducing losses, as Orange aims to leverage synergies within its “Lead the Future” strategy (cincodias.elpais.com).

References

Frequently Asked Questions

What is the value of Orange's acquisition of MasOrange?
Orange acquired full ownership of MasOrange in a €4.25 billion ($4.91 billion) deal.
Who did Orange buy the remaining stake in MasOrange from?
Orange bought the remaining 50% stake in MasOrange from Lorca.
Was regulatory approval required for Orange's takeover of MasOrange?
Yes, approvals were required, including from the European Commission.
Who will join Orange's executive committee after the acquisition?
CEO Meinrad Spenger will join Orange's executive committee.

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