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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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