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),


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