--Orange and MasMovil plan to sell assets to address European Union authorities' competition concerns over their proposed combination in Spain and picked Romania's Digi Communications as the buyer, Reuters reports, citing unnamed sources.

--The assets Orange and MasMovil intend to sell are spectrum, a customer unit and a brand, and they also plan to offer Digi access to infrastructure, according to Reuters.

--Orange, MasMovil and Digi didn't immediately respond to requests for comment from Dow Jones Newswires.

Full story: https://shorturl.at/ikKNT

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

October 25, 2023 08:51 ET (12:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Orange (NYSE:ORAN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Orange Charts.
Orange (NYSE:ORAN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Orange Charts.