The transaction involves the purchase of the remaining 50% stake in its Spanish joint venture for €4.25 billion in cash and confirms the non-binding agreement previously announced on 31 October.
According to the telecoms giant, the move will accelerate its “Lead the Future” strategic plan and further reinforce its position in Spain, the group’s second-largest market in Europe.
It also aims to strengthen its market position and drive long-term growth, the company stated.
Completion of the transaction is expected in the first half of 2026, subject to customary regulatory approvals and other closing conditions.
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