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Vivendi urges Orange to enter Maroc Telecom race - report
2013-06-17 18:03:00| Telecompaper Headlines
(Telecompaper) Vivendi is pushing for France Telecom-Orange to bid for the 53 percent stake it is selling in Maroc Telecom, people familiar with situation told the Wall Street Journal. Orange has been weighing whether to join the contest for several months but has yet to make a decision. Quatar's Ooredoo (Qtel) pulled out of the bidding last week, leaving only the UAE's Etisalat, which has a presence elsewhere in Africa, according to the report. Telecompaper previously reported that Korea Telecom submitted a bid. Orange may face regulatory hurdles given that it already owns 40 percent of Maroc Telecom rival Meditel. Vivendi is selling its controlling stake in Maroc Telecom to raise cash as part of a renewed focus on its media affiliates.
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Category:Telecommunications