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Etisalat, Ooredoo submit bids for Vivendi's Maroc Telecom

2013-04-24 15:23:00| Telecompaper Headlines

(Telecompaper) Etisalat and Ooredoo confirmed they have each made a binding offer to Vivendi to acquire its 53 percent stake in Maroc Telecom. The UAE-based operator said it had already conducted due diligence and secured external financing from local and international banks for the takeover. Qatar-based Ooredoo said it also had financing in place from a consortium of banks. The offer remains subject to approval by Vivendi and regulatory authorities. Vivendi confirmed it had received two offers and said it will study the bids in the coming weeks. The successful bidder will also be required to make an offer to minority shareholders in Maroc Telecom.

Tags: submit telecom bids maroc

Etisalat to submit Maroc Telecom offer today

2013-04-24 02:00:00| Total Telecom industry news

Telco seeks Vivendi's 53% stake but local regulations require company to extend mandatory offer to minority holders too.

Tags: today offer submit telecom

KT drops bid for Maroc Telecom

2013-04-15 12:54:00| Telecompaper Headlines

(Telecompaper) Korea's KT said it has withdrawn from the bidding to acquire Vivendi's stake in Maroc Telecom. The operator said it did not rule out cooperating with the company in future and would review the situation at a later date. According to the latest press reports, bids for the stake are due at the end of this month. Other operators that have expressed interest include Etisalat, Ooredeoo and MTN.

Tags: bid telecom drops maroc