Orange completes full takeover of MásOrange in Spain

Type: Acquisition · Technology: Telecom · Country: Spain · Value: $4.86B · Announced: 2026-09-22

Orange completed the acquisition of the remaining 50 percent stake in MásOrange from Lorca Telecom for €4.25 billion ($4.86bn) in June 2026. This transaction follows the merger between Orange España and Grupo MásMóvil in 2024, which initially formed MásOrange. The full takeover makes Orange España the largest Spanish operator by customer base and strengthens Spain's position as Orange's second-largest European market. The company plans to continue investing in fiber and 5G infrastructure and expand its digital services in both urban and rural areas. This move aligns with Orange's broader strategy to evolve into a technology company, focusing on areas like AI, 5G, cloud, and cybersecurity.

Analysis

Orange completed the acquisition of the remaining 50 percent stake in MásOrange from Lorca Telecom for €4.25 billion ($4.86 bn) in June 2026. The transaction follows the 2024 merger of Orange España and Grupo MásMóvil that created MásOrange. The deal makes Orange España the largest Spanish operator by customer base. No additional deal terms such as contract length or financing structure were disclosed.

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