FINANCIAL NEWS

Etisalat to close USD5.45 billion deal with Vivendi

23 Jul 2013

(MENAFN) Emirate Etisalat is set to close a USD5.54 billion worth deal with French Vivendi marking the biggest deal within the emerging market for this year, reported Arabian Business.

Vivendi has set plans to sell its 53 percent stake in Maroc Telecom to Etisalat as the two companies met on Monday to discuss fruther details.

According to sources: “All the work has been done on the two sides; we are just waiting for Vivendi’s board to approve the deal.”

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