Christel Heydemann, CEO of Orange , commented: “Today’s announcement is a crucial
moment for the future development of the Group in Europe . Our proposed Joint Venture with
MASMOVIL  will create a single, stronger,  and more sustainable player  in Spain . By joining
forces , we can scale, we can innovate , and we can drive investment in Spain for the benefit of
consumers and businesses .”



1 The contemplated transaction does not include notably TOTEM Spain and MASMOVIL Portugal
2 Mobile ser vices in Spain includes prepaid, contract and mobile broadband voice and data packages
 Meinrad Spenger, CEO of MASMOVIL , commented: “All good things are worth waiting for! We
are thrilled to assume a relevant  role in the Spanish telecommunication sector . Our  exceptional
team is committed to form ing a unified and distinctive company capable of delivering positive
impact and providing a trustful  service to the most satisfied clients in Spain. ”

Until all closing conditions are satisfied,  which is expected by the end of this first quarter in
2024 , the two companies will  continue to operate independently.
About MASMOVIL Group
MASMOVIL Group is one of the most outstanding operators in Spain in terms of growth over the last few years and offers fi ber,
mobile, TV, and other new services such as energy, health, alarms, or financial services, for residential customers , businesses, and
operators.
The Group offers its customers access to the largest FTTH coverage in Spain with more than 29 million marketable households a nd
3G, 4G and 5G mobile networks to 98.5% of the Spanish population thanks to its hybrid strategy com bining its own and third
parties infrastructure s.

### Language ###
English

### Assessment ###
The expected closing date of a corporate merger could be a key piece of information to extract.

### Query ###
Tell me when the Orange-MASMOVIL deal is expected to close.
Tell me when the Orange-MASMOVIL deal is expected to close.