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General

Etisalat makes top bid for Maroc Telecom - report

Monday 27 May 2013 | 09:29 CET | News
UAE-based operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, Reuters reported citing two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. While the exact prices of the offers were not clear, sources earlier told Reuters that they had come in lower than the EUR 5 billion Vivendi had initially hoped for and closer to the market value of the stake. Vivendi has been in talks in recent weeks with

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Categories: General
Companies: Etisalat / Maroc Telecom / Ooredoo / Vivendi
Countries: Morocco
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