Business | Telecoms

Etisalat says keen on Vivendi’s Maroc Telecom stake

Submits preliminary expression of interest in the Maroc Telecom stake and is one of a number of bidders

  • Zawya Dow Jones
  • Published: 18:55 January 17, 2013
  • Gulf News

Dubai

Abu Dhabi-based Etisalat said on Thursday it is interested in acquiring French conglomerate Vivendi SA’s 53 per cent stake in Morocco’s Maroc Telecom. Etisalat, which operates in 18 markets across the Middle East, North Africa and Asia, has submitted a preliminary expression of interest in the Maroc Telecom stake and is one of a number of bidders, according to a statement posted on the Abu Dhabi Securities Exchange website.

“Should there be any developments on this subject, we will keep the stock market updated in due course,” Etisalat said. Paris-based Vivendi SA has been looking to sell its 53% stake in Maroc Telecom since last summer, as part of a broader strategic shift of the company away from telecommunications and its media and content assets.

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