Etisalat confirms interest in Meditel stake

18 May 2009

A spokesperson for UAE-based telecoms group Etisalat has told Reuters that it intends to place a bid for a 32% stake in Moroccan GSM operator Meditel, which Portugal Telecom recently announced it would be offering for sale. Etisalat confirmed that it would seek to gain an interest in the Moroccan mobile operator as part of plans to make several acquisitions in the Middle East and Africa following asset prices declining. TeleGeography notes, however, that Spain’s Telefonica also owns a 32% share of Meditel and has the right to first refusal on the sale. Mohammed Hassan Omran also told the news agency that Etisalat was also firmly aiming to gain entry to Syria and Lebanon’s markets.

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