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0 0 0 0 0 -4.29184549356748E-05 -4.29184549356748E-05 0.00171673819742486
Stock impact report

Orange (ORAN) & MASMOVIL to Transform Spain's Telecom Market [Yahoo! Finance]

Orange (ORAN) 
Company Research Source: Yahoo! Finance
Shareholders of Orange and MASMOVIL each hold a 50% share in the joint venture, and they have equal rights in the combined entity. The newly formed company will be a dominant force in Spain's telecom market, with a combined total of more than 37 million broadband and mobile lines. It aims to lead the market in innovation, environmental and social impact, and fiber and mobile coverage. The creation of this partnership ensures long-term sustainability and enables ongoing investments in next-generation infrastructure to benefit consumers and businesses in Spain. Under the arrangement, Orange Spain and MASMOVIL will function as a unified entity, consolidating their financial records under the newly established JV. Orange Price and Consensus Orange price-consensus-chart | Orange Quote Per revised estimates, the new company is anticipated to generate synergies of more than €490 million per year by the fourth year after closing. Upon closing, Orange and MASMOVIL shareholders are ex Show less Read more
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