0
General

CDG may team up with Etisalat for Maroc Telecom stake

Thursday 18 July 2013 | 10:59 CET | News
Morocco's state investment vehicle Caisse de Depot et de Gestion (CDG) may team up with Etisalat for the UAE company's purchase of 53 percent of Maroc Telecom from Vivendi, Reuters reported, citing CDG CEO Anas Alami. The Moroccan government wants Etisalat to take on a local partner as a condition of backing its bid. CDG cannot take more than 10 percent of Maroc Telecom as it already controls 30 percent of the second-largest operator, Meditel, along with Orange France and Morocco's FinanceCom.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Etisalat / Maroc Telecom / Meditel / Orange France / Vivendi
Countries: Morocco
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Etisalat extends talks to buy Maroc Telecom stake

Published 30 Sep 2013 09:18 CET | Africa
UAE-based operator Etisalat said that its exclusive talks to buy Vivendi's 53 percent stake in Maroc Telecom have been extended ...

Vivendi rejects Softbank offer for Universal Music - report

Published 19 Jul 2013 10:00 CET | World
Japanese telecom group Softbank proposed to buy Universal Music from French owner Vivendi for USD 8.5 billion in cash about three ...

Etisalat needs local partner to buy Maroc Telecom - report

Published 10 Jul 2013 08:53 CET | Morocco
Broadband and mobile operator Maroc Telecom, which owns units in Burkina Faso, Gabon, Mali and Mauritania, will come under the ...

Employee shareholders urge Orange to bid for Maroc Telecom

Published 01 Jul 2013 22:40 CET | Morocco
Orange's employee shareholders' association, Adeas, has written to chairman and CEO Stephane Richard to urge the group to bid for ...

Vivendi urges Orange to enter Maroc Telecom race - report

Published 17 Jun 2013 18:03 CET | Morocco
Vivendi is pushing for France Telecom-Orange to bid for the 53 percent stake it is selling in Maroc Telecom, people familiar with ...