<p>Orange has entered into a binding agreement to acquire Lorca’s 50% stake in MasOrange, giving Orange full ownership of the Spanish telecom operator. The deal values Lorca’s stake at 4.25 billion euros in cash. This agreement follows a previously announced non-binding agreement from October 31. The transaction is expected to close in the first half of 2026, subject to customary conditions. Upon completion, MasOrange, which leads the Spanish market by customer base, will be fully consolidated into Orange’s accounts. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orange SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001144642-en) on December 12, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)</p>

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<p>Orange has agreed to acquire Lorca's 50% stake in MasOrange for €4.25 billion, gaining full ownership of the Spanish telecom operator. The transaction is expected to close in the first half of 2026, subject to customary conditions.</p>

Orange to Acquire Lorca’s 50% Stake in MasOrange for €4.25 Billion