The operation would affect the Euskaltel group, as it is dependent on the multinational MásMovil.
Euskaraz irakurri: Orangek eta MasMovilek bat-egitea adostu dute
Orange and MásMóvil announced an agreement on Saturday to combine their activities in Spain and form a union worth 18.6 billion euros, both entities said in a statement.
While the agreement has yet to be ratified by the Securities Market Commission, both companies have reported that the merger will be 50% effective, with both parties having the same administrative capacity.
In particular, the resulting entity would be 50% controlled by Orange and Lorca JVCo, the UK parent company of MásMóvil, with equal administrative rights. The combined entity’s valuation is €18.6 billion, €7.8 billion for Orange Spain and €10.9 billion for MásMóvil.
The operation would affect the Euskaltel group, as it is dependent on the multinational MásMovil.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
