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General

Maroc Telecom attracts four suitors - report

Thursday 25 October 2012 | 09:36 CET | News
Vivendi has received four expressions of interest for its 53 percent stake in Maroc Telecom, for which it hopes to raise at least EUR 5.5 billion, Reuters reports citing two people familiar with the matter. Qatar Telecom, Etisalat and Saudi Telecom, as well as South Africa's MTN have spoken to Vivendi's bankers about acquiring the stake in Morocco's biggest operator. There is no official deadline set for offers, but Vivendi hopes to sign a deal before the end of the first quarter of 2013, one of the people told Reuters. Maroc Telecom is Vivendi's second largest contributor to earnings but its

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Categories: General
Companies: Etisalat / GVT / Maroc Telecom / MTN / Qatar Telecom / Qtel / Saudi Telecom / Vivendi
Countries: Africa / Morocco
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