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General

KT expected to bid for Maroc Telecom - report

Wednesday 12 December 2012 | 10:03 CET | News
South Korean operator KT is considering bidding for French entertainment and telecom group Vivendi's 53 percent stake in Maroc Telecom, two people familiar with the matter told Reuters. Vivendi expects to receive bids from France Telecom, Qatar's Qtel, the UAE's Etissalat and KT by 21 December, the people said. Vivendi hopes to sell the stake for EUR 5.5 billion. Vivendi is considering several asset sales as part of its review to reduce debt and reduce its exposure to the investment-intensive telecoms business. Maroc Telecom, which is 30 percent owned by the Moroccan government, offers fixed

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