ORANGE and MASMOVIL to combine Spanish operations in 50-50 joint venture

Cinven, KKR and Providence Complete Acquisition of MASMOVIL

November 17, 2020

Telecommunications

A consortium led by funds managed or advised by Cinven, KKR and Providence Equity (through Lorca Telecom Bidco SAU) has completed the acquisition of MASMOVIL IBERCOM, S.A., acquiring approximately 99.3% of the group's outstanding shares at a valuation of about €5.3 billion. The consortium said the deal will enable MASMOVIL to accelerate its investment strategy and pursue growth and projects to strengthen its position in the Spanish telecommunications market.

Macquarie, Aberdeen Standard and Daiwa-backed Onivia Acquires MasMovil Rural FTTH Network

May 4, 2021

Telecommunications

Macquarie Capital, Aberdeen Standard Investments and Daiwa Energy & Infrastructure (investors behind Onivia) have acquired a majority stake in a large rural FTTH network from MasMovil, doubling Onivia's coverage to more than 2.1 million homes. MasMovil retains a minority stake and remains the network's technological partner while Orange is an anchor customer; the transaction gives Onivia national reach across urban and rural Spain.

Liberty Latin America and América Móvil Form 50:50 JV ClaroVTR in Chile

October 6, 2022

Telecommunications

Liberty Latin America and América Móvil have combined their Chilean operations, VTR and Claro Chile, to form a 50:50 joint venture named ClaroVTR following approval from the Chilean National Economic Prosecutor's Office (FNE). The new company, led by CEO Alfredo Parot, aims to expand connectivity and accelerate digital development across Chile for both consumer and business customers.

Orange Business Services Consolidates Basefarm, Login Consultants and *um Under One Brand

September 12, 2022

Cloud & SaaS

Orange Business Services has combined its recently acquired affiliates Basefarm, Login Consultants, and The unbelievable Machine Company (*um) into the Orange family to reinforce its cloud-first strategy and broaden its cloud, data and infrastructure capabilities. The move unifies cloud, data-science, hosting and virtual desktop capabilities under the Orange brand and highlights the division's expanded cloud workforce and market positioning.

Liberty Latin America and Millicom Abandon Proposed Costa Rica Network Combination

November 13, 2025

Telecommunications

Liberty Latin America and Millicom announced that Costa Rica’s telecommunications regulator (SUTEL) issued a final resolution not to approve their proposed transaction to combine their respective operations in Costa Rica. The companies said they believe the combination would have increased technology investment and accelerated next-generation network expansion, and they are working on next steps under the existing combination agreement.

Movano to Go Public in All-Stock Merger With Corvex, Creating Secure AI Infrastructure Platform

November 10, 2025

AI & Machine Learning

Movano and Corvex entered into a definitive all-stock merger agreement to combine into a publicly traded company focused on secure, high-performance AI infrastructure. The deal is valued at a $6.25 per-share exchange ratio and is expected to close in the first quarter of 2026, subject to customary conditions.