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General

Etisalat mulls financing for USD 6 bln Vivendi Maroc stake

Thursday 24 January 2013 | 10:24 CET | News
UAE operator Etisalat said its weighing up finance options for the potential acquisition of Vivendi's USD 6 billion stake in Maroc Telecom. CEO Ahmad Julfar told Bloomberg that it is very much underleveraged and has cash, which leaves it with all options open. He said Etisalat could fund a deal wholly or partly in cash, or entirely using debt. The firm said this month that it had submitted a preliminary expression of interest for Vivendi's 53 percent stake in Maroc Telecom. Etisalat had about USD 3.3 billion in cash at the end of the third quarter.

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Categories: General
Companies: Etisalat / Maroc Telecom
Countries: United Arab Emirates
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