• 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

Orange and MásMóvil seek merger funding

July 11, 2022 12.55 Europe/London By Chris Dziadul

Spain’s Orange and MásMóvil are closing in on obtaining €6.5 billion in credit to finance their proposed merger.

Quoting sources considered essential for the future creation of the joint venture, El Economista reports that an agreement with a dozen banks could be reached as soon as next week. However, matters are being made complicated by the geopolitical situation, rising interest rates and poor prospects for the global and business situation.

The milestones have already been reached in the proposed merger. The first, reached on March 8, saw the companies enter into exclusive negotiations to merge their companies in Spain into a 50/50 joint venture. The second was the completion of due diligence almost three weeks ago.

As previously reported by Broadband TV News, the joint venture will be valued at €19.6 billion, with Orange Spain and MásMóvil 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: Editor's Choice, Newsline, Top Story Tagged With: Másmóvil, Orange, Spain Edited: 12 July 2022 07:55

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

  • Travelxp launches German channel on MagentaTV
  • MFE rules out merger with ProSiebenSat.1 for now
  • New directors for 4iG and Vodafone Hungary
  • Ampere study finds comedy is the most pirated genre
  • Polsat secures licence extension

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...