Zegona, MasOrange Said to Bid for Spanish Telecom Carrier Excom

MasOrangeand Zegona Communications Plc’s Vodafone Spain are among bidders vying for smaller telecom rival Excom, according to people familiar with the matter.

They were shortlisted for a second round of bidding for the carrier, the people said, asking not to be identified because the talks are private. Excom, which provides broadband and phone services in rural Spain but doesn’t own network infrastructure, could be valued at as much as €150 million ($175 million), two of the people said.

Deliberations are ongoing and the suitors could decide against making binding offers, which are due in November, the people said. ...