• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Spanish losses complicate Orange’s MásMóvil deal

April 26, 2022 11.32 Europe/London By Chris Dziadul

Orange’s disappointing performance in Spain in the first quarter could complicate the proposed merger of its Spanish subsidiary with MásMóvil.

El Pais reports that negotiations are scheduled close in the first half of this year and there are still many details to be decided about the deal.

These include who will head it in the first year, currently assumed to the Meinrad Spenger, MásMóvil’s current CEO.

Orange Spain’s revenues in Q1 were, at €1,132 million, 4.6% lower than in the same period last year. It ended the first quarter with 695,000 TV customers, or 1% fewer than in Q1 2021, and ARPU fell by 0.3% in the quarter.

In her comments on Orange Group’s results, CEO Christel Heydemann said: “Spain remains our most challenging market, and we’re pressing ahead with our stand-alone programmes aimed at restoring growth. I’m also pleased to note our exclusive discussions on combining our operations with those of MásMóvil. This operation would lead to the creation of a sustainable player with the investment capacity, infrastructure and competitive edge necessary for its future development and for the benefit of both consumers and businesses in Spain”.

As previously reported by Broadband TV News, last month Orange and MásMóvil entered into exclusive negotiations to combine their operations in Spain.

The resulting entity would be a 50/50 joint venture valued at €19.6 billion, with Orange Spain and Masmovil (LORCA JVCO) worth €8.1 billion and €11.6 billion respectively.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Newsline Tagged With: Másmóvil, Orange, Spain Edited: 26 April 2022 12:02

Avatar photo

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

Latest News

  • BBC Annual plan navigates tough financial climate
  • Porsche and ScreenHits TV in global streaming first
  • BBC to review social media guidance
  • Spain ups fast broadband coverage
  • Ukraine enacts and clarifies new media law

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q&A with Przemyslaw Frasunek, Redge Technologies

Broadband TV News speaks with Przemyslaw Frasunek, the CEO of Redge Technologies, about the CEE region OTT landscape and the most effective video security solutions.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...