Orange takes control of Morocco's Meditel

Monday 27 July 2015 | 08:50 CET | News
Orange has acquired an additional 9 percent stake in Moroccan operator Meditel, raising its total holding to 49 percent. Orange said it signed an agreement with Fipar-Holding (the Moroccan Caisse de Depot et de Gestion group), FinanceCom to increase Orange's interest in Meditel in application of the agreements they signed in December 2010. Meditel's board will now include five members proposed by Orange and four members from the Moroccan shareholders, and the company will be fully consolidated in the financial statements of the Orange group. Meditel, created in 1999, holds a 31 percent share

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Categories: Mobile & Wireless
Companies: Meditel / Orange
Countries: Morocco
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