M&A rumours abound in Spain as Orange and MasMovil talks revealed

Today, Spanish newspaper Expansion is reporting that Orange is in talks to merge its Spanish unit with that or rival group MasMovil, citing anonymous sources. 
According to sources, the move would create a 50:50 joint venture, half of which would be held by Orange, with the remaining 50% held by Masmovil’s owners: KKR, Cinven, and Providence.
The trio of investment funds themselves took control of MasMovil back in 2020…

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