Orange does not plan any counter bid for Spain’s MasMovil
French telecom giant Orange
said on Thursday it doesn’t plan to make a rival bid
for Spanish telecom operator MasMovil after three
buyout funds made a 3 billion euro ($3.36 billion) offer on
Monday.
“Orange is not contemplating a counter-offer for MasMovil
group. Orange has a privileged position in the telco sector in
Spain and has the support of the Orange group to continue
growing organically in the country,” the company said in an
emailed statement.
($1 = 0.8930 eur
said on Thursday it doesn’t plan to make a rival bid
for Spanish telecom operator MasMovil after three
buyout funds made a 3 billion euro ($3.36 billion) offer on
Monday.
“Orange is not contemplating a counter-offer for MasMovil
group. Orange has a privileged position in the telco sector in
Spain and has the support of the Orange group to continue
growing organically in the country,” the company said in an
emailed statement.
($1 = 0.8930 eur
Posted by Reuters
