Latest news with #Masorange
Yahoo
4 days ago
- Business
- Yahoo
Spain's $5B Telecom Breakup? Telefonica and Masorange Plot Bold Move on Vodafone
Telefonica (NYSE:TEF) and Masorange have kicked off informal discussions about a potential deal for Vodafone Spain, according to people familiar with the matter. While nothing is on paper yet, insiders say one idea being explored involves splitting up Vodafone Spain's fixed-line and mobile or enterprise operationspossibly to dodge antitrust objections. Masorange could also take over the Lowi brand, Vodafone's low-cost unit. The backdrop? Pressure is mounting in Spain's crowded telecom market, and consolidation is starting to look like the only way out. Warning! GuruFocus has detected 9 Warning Signs with TEF. Masorange, formed in 2024 from the 18.6 billion merger between Masmovil and Orange's local business, is now the country's biggest operator by customer base. Vodafone Spain, meanwhile, was acquired by Zegona for 5 billion last year but has continued to strugglepartly due to an aging fiber-optic network. It's already working with Masorange on a fiber venture, but a broader breakup-and-buyout could redraw Spain's telecom map. Telefonica still dominates business services, but Chairman Marc Murtra has made it clear: Europe's telecom players need to bulk up or risk getting left behind. But even if the strategic logic lines up, execution won't be easy. Telefonica's credit rating is hanging at the edge of investment-grade, leaving little room for risky moves. Murtra has said he won't jeopardize that rating, though some sources say creative funding structures might still be possible. A throwback to the 2020 Brazil playbookwhere Telefonica and two rivals jointly carved up Oi SAcould help navigate regulatory obstacles. For now, there's no formal proposal, but if talks progress, this could become one of the boldest moves in European telecom in years. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
4 days ago
- Business
- Bloomberg
Telefonica, Masorange Said to Hold Early Talks on Vodafone Spain
Telefonica SA and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country's telecom market. One of the possible scenarios being explored would be to break up Vodafone Spain's fixed-line and its mobile or enterprise operations, due to possible antitrust issues, the people said. MasOrange could also potentially take over Vodafone's low-cost brand Lowi, one of the people said, asking not to be identified as the information is private.
Reuters
24-04-2025
- Business
- Reuters
France's Orange matches first-quarter expectations on retail boost, confirms guidance
April 24 (Reuters) - French telecom operator Orange ( opens new tab on Thursday reported first-quarter core profit in line with market expectations, citing good performance of its retail activities. Earnings before interest, taxes and depreciation and amortisation after leases (EBITDAaL) - a common metric used by telecom firms to measure core profit - rose 3.2% to 2.48 billion euros ($2.81 billion) in the quarter ended March 31. A company-compiled consensus had forecast profit of 2.48 billion euros. Orange CFO Laurent Martinez expressed confidence in the company's business model due to its minimal exposure to tariffs and the U.S. economy. In a call with reporters, Martinez addressed the potential public listing of their Spanish venture, Masorange, stating it was a possibility but added that current conditions did not favour such a move. The telecom giant also reaffirmed its financial targets for 2025. ($1 = 0.8822 euros)
