Orange and MásMóvil enter into exclusive negotiations for a merger in Spain of 19,600 million

Orange and MásMóvil announced this Tuesday that they have begun an exclusive negotiation period to combine their businesses in Spain.

The resulting entity would take the form of a 'joint venture' controlled by Orange and MásMóvil at 50%, with a valuation of the joint entity of 19,600 million euros.

Both entities are valued "attractively", with a valuation of Orange Spain of 8,100 million euros and a valuation of MásMóvil of 11,500 million euros.

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