Orange: Orange announces a non-binding agreement with Lorca to acquire their 50% stake in MasOrange and fully own the leading operator* in Spain

Core Viewpoint - Orange has reached a non-binding agreement to acquire the remaining 50% stake in MasOrange for 4.25 billion euros, aiming for full ownership and strengthening its position in Spain, its second-largest market in Europe [1][2]. Group 1: Transaction Details - The acquisition price for the remaining stake in MasOrange is set at 4.25 billion euros in cash [1]. - A binding agreement is expected to be signed before the end of 2025, contingent upon final terms and conditions [2]. - The transaction will be presented to employee representative bodies and requires clearance from regulatory authorities, with completion anticipated in the first half of 2026 [3]. Group 2: Strategic Implications - This transaction aligns with Orange's strategic plan "Lead the Future," which focuses on enhancing service quality and operational efficiency [2][4]. - Full ownership of MasOrange reflects Orange's long-term commitment to the Spanish market and confidence in the management's ability to create stakeholder value [2]. Group 3: Company Overview - As of September 30, 2025, Orange reported revenues of 40.3 billion euros and a global workforce of 124,100 employees, with a customer base of 310 million [3]. - Orange operates in 26 countries and is a leading provider of IT and telecommunication services to multinational companies under the Orange Business brand [4].