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General

Morocco eyes foreign investors for stake in Maroc Telecom

Wednesday 28 November 2012 | 11:02 CET | News
Morocco is hoping investors from Qatar or Europe will take a stake in Maroc Telecom if Vivendi follows through on reported interest to sell out, Reuters reported. Industry Minister Abdelkader Aamara said the government will see who will be interested in doing the investment, whether Qatar investors or Europeans. Aamara said the government has not been contacted yet on this issue, but certainly will have to be informed. The minister also confirmed that Maroc Telecom on 27 November proposed a new EUR 1 billion investment in the country. Last month, Vivendi asked Credit Agricole and Lazard to gauge appetite for its 53 percent stake in the North African operator without giving them a formal mandate for the sale, Reuters reported citing sources familiar with the matter. Reports have suggested Qatar Telecom is interested in making a bid. Vivendi has declined to comment. Morocco's government is the second largest stakeholder in Maroc Telecom, with 30 percent.

Categories: General
Companies: Maroc Telecom / Qatar Telecom / Vivendi
Countries: Morocco
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