Orange: Orange announces the signing of a binding agreement with Lorca to acquire their 50% stake in MasOrange

Core Viewpoint - Orange has signed a binding agreement to acquire the remaining 50% stake in MasOrange for 4.25 billion euros, confirming a previously announced non-binding agreement [1][2]. Group 1: Acquisition Details - The acquisition will provide Orange with full ownership of MasOrange, Spain's leading operator by customer base [1]. - The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions [2]. Group 2: Strategic Implications - This acquisition aligns with Orange's strategic plan "Lead the Future," aimed at strengthening its position in Spain, the Group's second-largest market in Europe [2]. - Full ownership of MasOrange reflects Orange's long-term commitment to the Spanish market and confidence in the management's ability to create value [2]. Group 3: Company Overview - As of September 30, 2025, Orange reported revenues of 40.3 billion euros and a global customer base of 310 million, including 270 million mobile customers [5]. - Orange operates in 26 countries and is a leading provider of IT and telecommunication services to multinational companies under the brand Orange Business [6].