Orange: Orange announces the signing of a binding agreement with Lorca to acquire their 50% stake in MasOrange

Press release
Paris, 12 December 2025

Orange announces the signing of a binding agreement with Lorca to acquire their 50% stake in MasOrange

Orange has signed a binding agreement with Lorca to acquire full ownership of MasOrange, Spain’s leading operator in terms of customer base, through the acquisition of the remaining 50% stake in its Spanish joint venture for a price of 4.25 billion euros in cash. This announcement confirms the non-binding agreement that was previously announced on 31 October.