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Tag: maroc
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.
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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
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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(Telecompaper) Korea's KT said it has withdrawn from the bidding to acquire Vivendi's stake in Maroc Telecom.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.
KT Corp to drop bid for Maroc Telecom
2013-04-15 02:00:00| Total Telecom industry news
South Korean operator pulls back from Moroccan deal on grounds of price.
Vivendi won't close sale of Maroc Telecom stake by 30 April
2013-03-18 01:00:00| Total Telecom industry news
Media group expects to get bids for 53% stake in Maroc Telecom, but process is taking longer than it expected, Les Echos reports.
Tags: april
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