MasOrange has officially notified the CCOO union of the start of a merger by absorption process within the group itself, in the framework of the internal reorganization following the integration of MásMóvil and Orange and with the aim of "optimizing costs and maximizing operational efficiency".
In this process, Xtra Telecom will be integrated into Xfera Móviles and MásMóvil Ibercom will be absorbed by MasOrange Telecom Bidco, according to the documentation sent to the union.
The operation is planned to take effect on October 1, 2026, at which point the restructuring will be formalized after its registration in the Mercantile Registry.
The absorbing companies will assume in block all existing labor rights and obligations, and "the intact maintenance of human resources and current personnel management policies" is assured, according to the information sent to CCOO by the telecommunications group headed by Meinrad Spenger and reported by 'Economía Digital'.
A reduced board of directors and total control by Orange
The board of directors of MasOrange has been limited to six directors following the reorganization driven by Orange, which has taken over operational and governance control in Spain after the departure of investment funds.
In early June, Orange closed the purchase of the 50% of MasOrange that remained in the hands of Lorca, its partner in the joint venture in Spain, for 4.25 billion euros, thus reaching 100% of the operator's capital.
The new board structure places Laurent Martínez as non-executive chairman and Meinrad Spenger as chief executive officer, who also joins the executive committee of the Orange group.
The body is completed by Laëtitia Orsini Sharps and Hugues Foulon, along with Mari-Noëlle Jégo-Laveissière, while Antonio García will perform the functions of non-director secretary and legal director.
The reconfiguration has led to the departure of representatives from Cinven, KKR, and Providence, as well as other members linked to the previous shared control scheme, once the divestment process has been completed.
These movements are part of Orange's roadmap in the Spanish market, aimed at integrating new activities—such as financial services for the immigrant population—and reinforcing its role in cybersecurity.
In this scenario, the group plans to incorporate 100 specialists in Madrid and Barcelona to strengthen Orange Cyberdefense and position it among the leading providers in the sector in Spain.