Korea Telecom makes bid for Vivendi's Maroc Telecom stake

News General Morocco 27 DEC 2012
Korea Telecom makes bid for Vivendi's Maroc Telecom stake
Korea Telecom confirmed that it made a non-binding preliminary bid for Vivendi's 53 percent stake in Maroc Telecom on 17 December, Bloomberg reports. Vivendi is reportedly seeking around EUR 5.5 billion for the stake. Korea Telecom said last year that it would focus on growing its presence in emerging markets, including Africa and Central America, but was forced to drop a plan to buy 20 percent of Telkom South Africa this summer due to opposition from the South African government. Other potential bidders for the Maroc Telecom stake include France Telecom, Qtel and Etisalat.

Categories:

General

Companies:

Korea Telecom,  Maroc Telecom,  Vivendi

Countries:

Morocco

Tags:

Voice services, Data services, Wireline, Wireless, Internet Access, M&A buyouts & divestments

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