KT Corp mulls Morocco move

12 Dec 2012

South Korean telecoms operator KT Corp is reportedly interested in acquiring Vivendi’s 53% stake in the Moroccan firm Maroc Telecom, Reuters reports, citing ‘two people familiar with the situation’. Vivendi is hoping to raise up to EUR5.5 billion (USD7.15 billion) from the sale as the French group looks to exit some of its communications ventures to concentrate more on its media activities. Qtel of Kuwait, UAE-based Etisalat and the France Telecom-Orange group have already been linked with the Maroc Telecom stake. The Moroccan carrier is the country’s dominant fixed line and wireless operator in terms of subscribers, while it also has operations in Burkina Faso, Gabon, Mali and Mauritania.

Morocco,KT Corp, Maroc Telecom (IAM), Vivendi,

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