for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Orange does not plan any counter bid for Spain's MasMovil

MADRID, June 4 (Reuters) - 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 euros) (Reporting by Inti Landauro; Editing by Nathan Allen)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up