Orange acquires 100% ownership of MasOrange

Press Release

Posted by Harry Baldock, Orange today announced that it has completed the acquisition of the 50% stake in MasOrange held by Lorca, its joint venture partner in Spain. The Group now owns 100% of the operator’s capital and will fully consolidate MasOrange’s results in its financial statements from going forward.

This transaction follows the signing of a binding agreement with Lorca on 12 December 2025, under which Orange agreed to acquire full ownership of MasOrange for a cash consideration of €4.25 billion. Since then, Orange has obtained all the necessary approvals for the transaction to be completed, including from the European Commission.

A key milestone in the Group’s strategy in Spain

Christel Heydemann, Chief Executive Officer of the Orange group, said: “Acquiring full ownership of MasOrange is a strategic step of our Trust the future plan and strengthens Orange’s position in Spain, our second-largest market in Europe. It paves the way for accelerated industrial, operational and commercial synergies, supporting greater value creation. With full ownership comes full agility, MasOrange can now move at full speed backed by the strength and scale of the Orange group.”

Meinrad Spenger, Chief Executive Officer of MasOrange, added: “By becoming fully part of the Orange group, MasOrange now has an even stronger foundation for future growth. It will allow us to accelerate our momentum in the Spanish market, supported by a greater capacity for investment and innovation as well as global expertise. This is good news for the Spanish consumers, enterprises and public administrations, since we will continue to provide them high-quality and innovative services, while benefiting from the Orange group’s industrial strength and scale to create even more value in Spain.”

As a follow-up to this transaction, Meinrad Spenger will join the Orange group’s Executive Committee. This appointment reflects the strategic importance of Spain for the Group and will further leverage his recognized experience in the telecommunications market and his leadership in advancing MasOrange’s development.

MasOrange is currently the leading operator in the Spanish market by customer base and customer satisfaction. At the end of the first quarter of 2026, it had 26 million mobile customers and 7.1 million fixed broadband customers. MasOrange relies on the most advanced leading fiber and 5G mobile infrastructure, enabling it to provide high-quality connectivity and other innovative services across the country to meet the needs of public administrations, consumer and business customers.After closing, the Group intends to refinance MasOrange financial debt over time. Orange acquires 100% ownership of MasOrange - Total Telecom

Read More........ → June 12, 2026

Air India denies putting pressure on families of AI-171 Boeing crash victims

Debris of Air India Flight AI171 seen at the crash site, in Ahmedabad on June 12, 2025. (IANS File Photo)

New Delhi, (IANS): Air India has denied that families of victims of the AI-171 Boeing crash in Ahmedabad, which occurred on June 12, 2025, are being pressured to sign legal waivers in exchange for compensation.

The Tata Group airline said that there is "absolutely no deadline or pressure" on anyone to accept its final settlement offer.

Gujarat's former Chief Minister Vijay Rupani's daughter had alleged that the airline was exerting pressure on the families of the crash victims to sign legal waivers for getting compensation. The former Chief Minister of Gujarat was among the 260 victims who were killed in the crash, which took place merely seconds after the plane's take-off from the Ahmedabad airport.

In a statement issued in response to concerns raised by some families, Air India said relatives are free to wait for the official investigation findings before deciding whether to accept compensation.

With most of the interim payments having been disbursed, Air India has begun the process for final compensation and is engaging with families. Families or individuals have absolutely no deadline or pressure to accept our offer within a set timeframe, the statement said.

The airline also said that the wording in its Receipt, Discharge & Indemnity (RDI) document is intended only to ensure that compensation settlements remain final and to protect the airline from future claims, not to shield manufacturers or other third parties from potential legal liability.

Air India said in a statement that it has provided an interim payment of Rs 25 lakh (21,000 GBP) each to the families of the deceased to help address immediate financial needs.

Interim compensation has been paid to families of 96 per cent of the deceased. The remaining cases are primarily those where documentation is incomplete or where there are ongoing family disputes. Also, 94 per cent of those who were injured on the ground have either got one time full and final compensation or interim compensation, based on the nature of injury incurred and any loss of livelihood. The remaining individuals collected a form from the helpdesk after the crash, but have since not submitted it, the airline said.Tata Sons Chairman N Chandrasekaran had announced ex gratia financial assistance of Rs 1 crore for families of all the deceased as part of Tata Group’s philanthropic commitments - a measure that goes beyond legal compensation requirements. Ex gratia payments of Rs 1 crore have been disbursed to 91 per cent of the families of the deceased, with the remaining cases primarily constituting situations in which documentation is incomplete or where families have declined to accept payment, the statement added. Air India denies putting pressure on families of AI-171 Boeing crash victims | MorungExpress | morungexpress.com

Read More........ → June 12, 2026