The Government approves the Orange-MásMóvil merger with investment commitments and job maintenance. The operation, valued at around 18.6 billion euros, already received approval from the European Commission on February 20.
The new company will create a leading operator in the Spanish telecommunications market by number of clients and fiber and mobile coverage. It is expected that the pending administrative procedures to close the operation definitively will be concluded in a couple of weeks, so the deadlines contemplated by both companies will be met.