Etisalat secures USD8 billion loan for Maroc Telecom bid

11 Apr 2013

Abu Dhabi state-owned telecoms company Etisalat has secured a USD8 billion dual-tranche loan facility to finance its bid for the acquisition of Vivendi’s Maroc Telecom. The French media group Vivendi is planning to sell its 53% share in Morocco’s biggest telecom, valued at around USD6 billion, in order to finance incurred debts. As reported by Reuters, the funding will be divided equally between a term loan and a bridge loan, which will later be refinanced through a bond sale.

South Korea’s KT Corp and State-owned Qatar Telecom have also expressed interest in the auction, with the latter already in talks with banks to finance its bid for the stake.

Morocco,Emirates Telecommunications Corporation (Etisalat), Maroc Telecom (IAM), Vivendi,

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