Orange Group has completed its full takeover of its Spanish JV MásOrange.
The telco announced that it has now acquired the 50 percent stake in MásOrange that was owned by Lorca, which is owned by private equity funds Cinven, KKR, and Providence.
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Orange signed an agreement in December to snap up the 50 percent stake for €4.25 billion ($4.92bn), giving Orange full ownership of the company.
The timing of the announcement comes a day after Orange struck an agreement along with Free-Iliad and Bouygues Telecom to snap up SFR's mobile assets.
