- Orange has agreed to buy Lorca’s 50% stake in MasOrange for $4.5 billion.
- The acquisition is part of Orange’s long-term growth strategy in Spain, its second-largest market in Europe.
What happened: Orange to acquire full control of MasOrange for $4.5B
Orange has reached a non-binding agreement with Lorca to acquire the remaining 50% stake in its Spanish joint venture, MasOrange, for $4.5 billion in cash. The deal will give Orange full ownership of the MasOrange brand, further consolidating its position in Spain, which is its second-largest market in Europe.
The acquisition is seen as a crucial step in advancing Orange’s “Lead the Future” strategic plan, which aims to strengthen the company’s market presence and drive sustainable growth. As part of the agreement, Orange is set to sign a binding contract before the end of 2025, pending final terms and conditions. The deal will also undergo a review by employee representatives and will require regulatory approval before completion.
If all conditions are met, the acquisition is expected to be finalised in the first half of 2026, giving Orange complete control over its operations in Spain.
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Why it’s important
This move significantly enhances Orange’s competitive position in Spain, where it competes with other major telecom players such as Telefónica and Vodafone. Full ownership of MasOrange allows the company to align its operations more closely with its overarching strategic goals, enabling a more streamlined approach to business expansion and market development.
The acquisition also comes at a time when telecoms companies are increasingly focused on consolidating their operations to better position themselves in the competitive European market. With Spain being a critical part of Orange’s growth strategy, this move will allow the company to focus on innovation, customer service, and digital transformation in the region.
The deal is expected to support Orange’s broader ambitions to lead in the digital economy, enhancing its ability to invest in new technologies and services. By securing full ownership of MasOrange, Orange strengthens its long-term prospects in Spain and beyond, supporting its efforts to maintain growth in a highly competitive telecom landscape.
