Telefonica advised by Lazard on possible sale of Meditel stake

5 Jun 2009

Reuters reports that Spanish telecoms group Telefonica has appointed investment bank Lazard to manage the potential sale of its 32% stake in Morocco’s second largest cellco Meditel, according to a person familiar with the matter. The move had also been reported in the Spanish financial press. Telefonica previously said it would study its options if a strategic buyer was found for a 32% stake in Meditel recently put up for sale by Portugal Telecom. Potential bidders include the UAE’s Etisalat, Orascom Telecom, Qatar Telecom, Batelco, Saudi Telecom, France Telecom and the Moroccan Finance.com group which controls the remaining shares in Meditel.

Morocco,Telefonica, Orange Morocco (Meditel),

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