Orange España And MásMóvil To Merge… If Brussels Does Not Raise Any Objections

Orange España, the French group’s Spanish subsidiary, and the MásMóvil group have confirmed exclusive talks with a view to a 50/50 merger of their respective businesses through a €19.6 billion joint venture. This would value Orange at €8.1 billion and Másmóvil at €11.5 billion. The resulting new group would become the leader in the Spanish mobile market, with 27 million mobile customers, and would have combined revenues and EBITDA of…

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Orange-Jazztel deal stirs M&A enthusiasm

MADRID | The Corner | Orange is set to buy Spanish competitor Jazztel in a €3.33bn ($4.3bn) deal. The merger will see Jazztel receive €13 a share, a boost of 22% on the company´s closing share price on Friday. The French giant says it is not seeking further acquisitions in other countries. The truth is we haven´t seen this M&A frenzy since 2006-2008: deals worth $630bn + 63% vs. 2013 and – 29% below $897bn in 2006.