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General

Etisalat eyes USD 8 bln funding for Maroc Telecom - report

Monday 18 February 2013 | 11:24 CET | News
UAE-based operator Etisalat is talking to banks about a syndicated loan of up to USD 8 billion to finance a bid for Vivendi's 53 percent stake in Maroc Telecom, Reuters reported citing banking sources. According to Reuters, a USD 8 billion acquisition loan would be the largest Gulf merger and acquisition loan in six years. Etisalat has asked banks to bid for the roles of M&A and financing advisor, one banker said. Qatar's Qtel also is talking to its relationship banks, including JP Morgan, about financing for a possible bid for Maroc Telecom, bankers said. South Korea's KT Corp has lined up

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Categories: General
Companies: Etisalat / KT / Maroc Telecom / Qtel / Vivendi
Countries: Morocco
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