Orange to Take Control of MasOrange in $4.9 Billion Buyout (2)

Orange SA has agreed to buy out the remaining stake in its Spanish joint venture MasOrange for $4.9 billion, giving the French telecom giant sole ownership of a business in its second-largest European market.

Orange is proposing to buy the remaining 50% stake in the joint venture from a group of private equity firms, the company said in a statement Friday. Orange said it expects to sign a binding agreement for the deal by the end of the year, and to close it in the first half of 2026 pending regulatory approvals.

Bloomberg had reported in July that Cinven ...