Orange to acquire the remaining 50% stake in MasOrange from Cinven, KKR and Providence for €4.25bn.

Orange, a company operating in mobile and fixed telecommunications services, agreed to acquire the remaining 50% stake in MasOrange, a Spanish telecom operator providing mobile, broadband and TV services, from private equity firms Cinven, KKR and Providence for €4.25bn. This transaction will accelerate Orange's strategic plan “Lead the Future” and further strengthen Orange's position in Spain, the Group's second-largest market in Europe. With full ownership, Orange confirms its long-term industrial commitment in Spain, and its confidence in MasOrange and its management to create value for all stakeholders.