en.Wedoany.com Reported - Orange announced that it has completed the acquisition of the remaining 50% stake in MasOrange from its joint venture partner Lorca, paying €4.25 billion in cash to gain full ownership of Spain's largest telecom operator by subscriber base. This move marks a key step for Orange in strengthening its strategic position in Spain, the second-largest market in Europe.
The acquisition, based on a binding agreement signed on December 12, 2025, has received all necessary regulatory approvals, including from the European Commission. Upon completion, Orange holds 100% of MasOrange's equity and will fully consolidate the operator's financial results.
Orange CEO Christel Heydemann stated that this acquisition is a core element of the company's "Lead the Future" strategy, helping to accelerate industrial, operational, and commercial synergies while enhancing value creation capabilities. Full ownership allows MasOrange to leverage Orange's global scale and resources to drive growth initiatives more flexibly. MasOrange CEO Meinrad Spenger noted that becoming a wholly owned subsidiary of Orange provides a stronger platform for the company's expansion, investment, and innovation in the Spanish market. He added that consumers, businesses, and public administrations in Spain will benefit from enhanced connectivity services supported by Orange's international expertise.
As part of the transaction, Meinrad Spenger will join Orange's Executive Committee, reflecting Spain's strategic importance within the group's European operations. MasOrange is currently Spain's leading telecom operator in terms of subscriber base and customer satisfaction. As of the end of the first quarter of 2026, the company had 26 million mobile subscribers and 7.1 million fixed broadband subscribers. It operates one of Spain's most advanced fiber optic and 5G networks, providing connectivity services to consumers, businesses, and the public sector nationwide. The acquisition strengthens Orange's long-term commitment to Spain, enhancing its ability to capture synergies, expand market opportunities, and support future growth. Upon completion, Orange also plans to refinance MasOrange's financial debt over time as part of its broader financial strategy.
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