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FINANCIAL NEWS
UAE’s Etisalat to acquire 53 percent stake in Maroc Telecom
08 May 2014
(MENAFN) Emirates Telecommunications Corporation (Etisalat) is expected to close a deal with Itissalat Al Maghrib (Maroc Telecom) for acquiring 53 percent stake in the latter’s shareholding, according to the Emirates 24/7.
The acquisition of Vivendi”s 53 percent shareholding deal is estimated at USD4.36 billion.
The deal will enable the UAE telecom operator to offload assets that have added little to its bottom line to Maroc Telecom, whose operations in Gabon, Mali, Burkina Faso and Mauritania posted a 9.5 percent increase in revenue last year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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