Vodafone to enter Maroc Telecom race?

11 Sep 2013

UK-based Vodafone Group is reportedly eyeing a USD6 billion swoop for Moroccan telco Maroc Telecom, a week after it agreed to sell its 45% stake in US-based Verizon Wireless for USD130 billion, the newspaper Financial Times reports. According to unnamed sources, the British telecoms giant has reportedly identified several takeover targets, including Maroc Telecom and France’s second largest telco in terms of subscribers, SFR, following the cash-and-shares deal with Verizon Communications.

As previously reported by TeleGeography’s CommsUpdate, French media conglomerate Vivendi entered into exclusive negotiations with UAE-owned telecoms group Etisalat for the sale of its controlling 53% stake in Moroccan telco Maroc Telecom in July 2013. Vivendi is expected to sell its stake for EUR4.2 billion (USD5.54 billion); however, confirmation of a definitive agreement is yet to be announced, as Vivendi’s board is reportedly still mulling over the deal. If finalised, the Maroc Telecom sale would be the first major divestment by Vivendi in line with its strategy to overhaul its operations by reducing its exposure to telecoms and focusing more on its media business.


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