Orange Completed MasOrange Takeover

Orange made a second decisive acquisition move in two days after completing a buyout of its partner in the Spanish joint venture MasOrange. The French operator detailed the completion of the deal two days after a move involving the assets of domestic rival SFR.

The operator began its quest to purchase the 50% of MasOrange it did not own from partner Lorca in October 2025, and the process ran relatively smoothly, with a definitive deal made two months later and regulatory clearance secured earlier this year. MasOrange CEO Meinrad Spenger gains a place on Orange’s executive committee. He said the buyout cements the operator’s foundations and improves its capacity for investment and innovation.

Orange announced it intends to refinance MasOrange debt over time. The operator highlighted the acquisition of the remainder of MasOrange as important to a current strategy focused on the theme of trust, while also bolstering its position in Spain, its second-largest market in Europe. “It paves the way for accelerated industrial, operational and commercial synergies”, CEO Christel Heydemann said.