Rumour: Orascom could make a move for Portugal Telecom’s Meditel stake

14 Apr 2009

Portugal Telecom’s (PT’s) 32.18% stake in Moroccan GSM network operator Medi Telecom (Meditel) could be a target of Egypt’s Orascom Telecom (OT), according to rumours in the press, following a comment from OT’s chairman Naguib Sawiris last week. Sawiris told Reuters that his company was eyeing a stake in Morocco’s second largest mobile operator as a potential acquisition target. According to TeleGeography’s GlobalComms database, Meditel is owned by PT (32.18%) and Spain’s Telefonica (32.18%), with the remainder held by a group of Moroccan investors led by Banque Marocaine du Commerce Exterieur (BMCE) and including Caisse de Depots et de Gestion (CDG, a former part-owner of rival Wana). Meditel reported a turnover of EUR453 million (USD602 million) in 2008.

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share