Etisalat agrees Maroc Telecom share purchase

Share this on social media:

Etisalat – Abu Dhabi's Emirates Telecommunications Corporation – has agreed to buy a controlling stake in Maroc Telecom from the French company Vivendi.

The deal was initially proposed back in November, at a price of €4.2 billion, and is intended to be concluded by the end of May.

Etisalat says the deal will create a company that provides services from Morocco in the west to Abu Dhabi in the Gulf region and Sri Lanka in the east.

Recent News

25 May 2022

UK start-up alternative provider, Freedom Fibre has secured a total £100m commitment of scale-up funding, just over a year since its formation.

18 May 2022

Connectivity platform provider Clearfield is to acquire cable manufacturer Nestor Cables in a transaction worth approximately $23m.

16 May 2022

Micro-trenching technology and XGS-PON platform will allow for faster deployment.

11 May 2022

Prysmian Group is to work with Australian operator, Telstra to build a new state-of-the-art intercapital fibre network in the market.