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Ooredoo will look to broadband for growth if Maroc Telecom bid fails

2013-05-28 02:00:00| Total Telecom industry news

CEO confident he has submitted a compelling offer for Vivendi's 53% stake in Moroccan incumbent.

Etisalat makes top bid for Maroc Telecom - report

2013-05-27 09:29:00| Telecompaper Headlines

(Telecompaper) UAE-based operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, Reuters reported citing two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. While the exact prices of the offers were not clear, sources earlier told Reuters that they had come in lower than the EUR 5 billion Vivendi had initially hoped for and closer to the market value of the stake. Vivendi has been in talks in recent weeks with Etisalat to remove some of the legal clauses in its bid, the sources said. Etisalat has scheduled an extraordinary shareholder meeting on 28 May to approve the financing package for the bid. Ooredoo, meanwhile, crafted its offer with minimal conditions to make it simple and less risky for Vivendi, the group's strategy chief told Reuters earlier. Vivendi has not asked Ooredoo to improve its offer so far, the first source said.

Tags: top report makes bid

Etisalat won't bid for Moroccan govt stake in Maroc Telecom

2013-05-22 02:00:00| Total Telecom industry news

UAE operator has yet to hear whether its bid for Vivendi's stake in Maroc Telecom has been successful.

Tags: bid telecom maroc stake

Maroc Telecom Q1 revenue down 4.7% to MAD 7.18 bln

2013-04-30 09:32:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group's revenues for the first quarter declined by 4.7 percent year-on-year to MAD 7.18 billion. The group attributed the slump in revenue to slower consumer spending in Morocco, where revenues fell 7.5 percent. This was partially offset by 7 percent growth at its international activities. The customer base reached nearly 34 million at 31 March, up 14.1 percent year-on-year, led by growth at the international business, which grew by 32 percent to 14 million customers. EBITDA amounted to MAD 4.23 billion, an increase of 0.1 percent, and the EBITDA margin rose by 2.8 percent points to 58.9 percent. This included a 3.4 percent decline in EBITDA in Morocco, compensated by strong growth in international EBITDA. The result was further helped by a higher gross margin (boosted by lower mobile termination rates), reduced customer acquisition costs and operating expenses, and a voluntary redundancy plan in the second half of 2012. EBITA was also up 0.1 percent to MAD 3.04 billion, while operating cash flow was down 13.2 percent to MAD 2.32 billion, after higher spending on network upgrades in Morocco.

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