Maroc TelecomRSS

Etisalat offloads African operations to Maroc Telecom

Etisalat is boosting Maroc Telecom's portfolio

Emirates-based Etisalat has signed an agreement to sell its holdings in Benin, the Central African Republic, Gabon, the Ivory Coast, Niger and Togo, to Maroc Telecom for $650m. The units all operate under the Moov brand but the agreement also covers Ivory Coast-based IT services provider Prestige Telecom.

Etisalat funds Maroc Telecom takeover

Etisalat is bidding for Morocco's Maroc Telecom

French conglomerate Vivendi looks set to continue its offloading of telecom interests after Emirates-based Etisalat announced that it has secured funding to buy the French firm out of Maroc Telecom. Etisalat signed a share purchase agreement for the acquisition of Vivendi’s 53 per cent stake in the Moroccan operator back in November.

Etisalat to win control of Maroc Telecom

Etisalat is bidding for Morocco's Maroc Telecom

The struggle for control of Maroc Telecom, which has been rolling on since the start of the year, looks to be at an end. Emirates-based Etisalat signed a €3.9bn deal to acquire a controlling stake on Tuesday.

Etisalat mulls bid for stake in Maroc Telecom

Etisalat is mulling over a bid for Morocco's Maroc Telecom

UAE based operator group Etisalat has confirmed that it has submitted a preliminary expression of interest to acquire French conglomerate Vivendi’s 53 per cent shareholding in Maroc Telecom, as it looks to expand its geographic footprint. Maroc Telecom, a publicly listed company on both the Casablanca and Euronext Paris Stock Exchanges, is Morocco’s market leading operator with over 17.4 million subscribers in Morocco, according to Informa’s WCIS.

@telecoms