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New Deal


Announced

Completed

Orange and MasMovil completed the formation of a €8.1bn joint venture.

Financials

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Transaction Value£6,750m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA7.5x
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

telecommunications services

Acquisition

Cross Border

Mobile

Friendly

Spain

Private

Majority

Single Bidder

Completed

Synopsis

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Orange, a French multinational telecommunications corporation, and MasMovil, a telecommunications operator in Spain, completed the formation of a €8.1bn joint venture, a firm combining operations in Spain. “I look forward to creating this joint-venture with MASMOVIL, building on our existing successful collaboration, to become a stronger player capable of making the investments required to develop the Spanish market. I know I can count on Jean-François Fallacher and the entire ORANGE Spain teams for their full mobilization until the closing in order to make this deal a success," Stéphane Richard, Orange Chairman & CEO.

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