Orange-MasMovil Spain megamerger talks set to test regulators

Published on: Monday 07 March 2022

PARIS/MADRID (Reuters) -France's Orange and Spain's MasMovil on Tuesday announced exclusive talks on a Spanish merger that would challenge the market's top player Telefonica. The deal, which would create a heavyweight in revenue spanning mobile telecoms and broadband, will also test European authorities' appetite for consolidation after years of opposition to takeovers. With now second-ranked Orange possibly expanding, it will also test plans at third-ranked Vodafone, which has been seen as a potential seller of its Spanish businesses.

News source: https://uk.news.yahoo.com/telecoms-group-orange-masmovil-exclusive-064808676.html

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Orange-MasMovil Spain megamerger talks set to test regulators