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Orange in talks to buy another 9% of Meditel - report

Thursday 9 October 2014 | 10:50 CET | News
Orange is in talks to buy another 9 percent of Moroccan operator Medi Telecom from Moroccan shareholders Finance.com and CDG, a person familiar with the matter told news website le360.ma. Under the shareholders' agreement reached in September 2010, when France Telecom, now Orange, bought 40 percent of Meditel for EUR 640 million, the French operator can increase its stake from the start of 2015 to fully consolidate the Moroccan operator in its accounts. Orange plans to buy 4.5 percent stakes from Finance.com and CDG and to obtain another 2 percent of voting rights. The companies now are

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Categories: General
Companies: Medi Telecom / Meditel / Orange
Countries: Morocco
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