UPDATE 1-Orange does not plan a counter bid for Spain’s MasMovil
French telecom giant Orange
said on Thursday it does not plan to make a rival bid
for Spanish telecom operator MasMovil after three
buyout funds made a 3 billion euro ($3.4 billion) offer on
Monday.
“Orange is not contemplating a counter-offer for MasMovil
group,” the company said in an e-mailed statement on Thursday,
dismissing an earlier report from Spanish newspaper El
Economista, which said the board would discuss a possible
counter bid, citing unidentified industr
said on Thursday it does not plan to make a rival bid
for Spanish telecom operator MasMovil after three
buyout funds made a 3 billion euro ($3.4 billion) offer on
Monday.
“Orange is not contemplating a counter-offer for MasMovil
group,” the company said in an e-mailed statement on Thursday,
dismissing an earlier report from Spanish newspaper El
Economista, which said the board would discuss a possible
counter bid, citing unidentified industr
Posted by Reuters
