Orange and MásMóvil nearing €6.5bn funding for merger

Back in March, Orange Spain and MásMóvil announced their intention to merge, forming a 50:50 joint venture with an enterprise value of roughly €20 billion. 
The deal would create a converged operator with around 7.1 million fixed line customers and 20.2 mobile customers, as well as 1.5 million TV customers. 
Orange’s tower company, TOTEM, would notably be excluded from the merger…

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