Morocco confirms 7% Maroc Telecom stake up for sale

20 Jul 2011

Confirming reports earlier in the week that Morocco was putting a minority stake sale in Maroc Telecom back on the agenda, the country’s Finance & Economy Ministry has stated plans to sell a 7% tranche of the telco, out of the 30% share it currently owns. Arab News reports that the sell-off is aimed at raising around USD1.1 billion to go towards covering public spending programmes introduced to appease recent popular protests, amongst the measures being wage hikes for public sector workers.

Morocco,Maroc Telecom (IAM),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

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