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Etisalat confirms Maroc Telecom acquisition for EUR 4.2 bln

2013-11-05 09:01:00| Telecompaper Headlines

(Telecompaper) Etislat has signed a definitive agreement to acquire Vivendi's 53 percent stake in Maroc Telecom for EUR 4.2 billion cash. The companies have been in exclusive talks on the deal since July. The sale is part of Vivendi's strategy to focus its businesses around media and content activities; it's also considering a spin-off of its French telecom operator SFR. Pending regulatory approval, the Maroc Telecom sale is expected to close in early 2014. The Moroccan operator's other shares are owned by the government or publicly listed.

Tags: eur acquisition telecom maroc

Category:Telecommunications

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