'Orange Confident Of MÁSMÓVIL Merger Clearance In 2023; Orange, MÁSMÓVILl Have Picked Romania's Digi To Acquire Assets They Plan To Divest To Address EU Antitrust Concerns,'
Portfolio Pulse from Benzinga Newsdesk
Orange CEO Christel Heydemann is confident that the merger of Orange's Spanish operations with MÁSMÓVIL will be completed in Q1 2024. The merger is currently under scrutiny by EU antitrust officials. Orange and MÁSMÓVIL have chosen Romania's Digi to acquire assets they plan to divest to address EU antitrust concerns. The CEO also dismissed rumors of a sale of SFR as consolidation rumors resurface in France.
October 24, 2023 | 3:30 pm
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Orange's planned merger with MÁSMÓVIL is expected to complete in Q1 2024, pending EU antitrust approval. The company has chosen Digi to acquire assets to address antitrust concerns. This could potentially impact Orange's market position and financial performance.
The merger between Orange and MÁSMÓVIL, if approved, could significantly alter the competitive landscape and potentially boost Orange's market share and revenues. However, the ongoing regulatory scrutiny and the need to divest assets to meet antitrust requirements introduce uncertainty and potential risks. The dismissal of SFR sale rumors also indicates Orange's intent to maintain its market position in France.
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