Vivendi to finalise Maroc Telecom sale on 14 May

8 May 2014

French media group Vivendi has announced that all of the conditions relating to the sale of its 53% stake in Maroc Telecom to UAE-based Emirates Telecommunications Corporation (Etisalat) have now been fulfilled, and that the transaction will close on 14 May.

As previously reported by TeleGeography’s CommsUpdate, in July 2013 Vivendi entered into exclusive negotiations with Etisalat for the sale of Morocco’s leading telco. Vivendi Universal holds 53% of Maroc Telecom via its wholly owned subsidiary Societe de Participation dans les Telecommunications. The two companies signed a definitive agreement for the sale of the controlling stake in November 2013, with the deal valued at EUR4.2 billion (USD5.67 billion).

Morocco, Emirates Telecommunications Corporation (Etisalat), Maroc Telecom, Vivendi,

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