Orange board could make MasMovil counterbid, says El Economista

MADRID (Reuters) - The board of French telecoms giant Orange could discuss a possible counterbid for Spanish rival MasMovil this week, El Economista newspaper reported on Thursday, citing unidentified industry sources.The Orange board could meet as early as Thursday, the newspaper said, after an alliance of buyout funds KKR , Cinven and Providence this week said they had made a 2.96 billion euro ($3.3 billion) offer backed by the Spanish company's board.A spokesman for Orange did not reply..