Qatar Telecom interested in Maroc Telecom stake

22 Oct 2012

The Financial Times reports today that Qatar Telecom (Qtel) has expressed an interest in Vivendi’s majority stake in Maroc Telecom. Qtel is said to be preparing to make a bid for the 53% stake Maroc Telecom that is currently held by the French media and telecoms company, but that it faces competition from Etisalat. A source familiar with the matter told Reuters that earlier this month Vivendi asked Credit Agricole and Lazard to gauge interest in the company’s Maroc Telecom stake without giving them a formal mandate for the sale. Vivendi chairman Jean-Rene Fourtou is believed to favour a refocusing of the group around its media holdings, to the extent that it is exploring the possibility of selling off some of its telecoms assets.

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