Qtel and Etisalat eye Maroc Telecom stake

Vivendi plans to sell controlling stake in Maroc Telecom - FT
A controlling stake in Morocco's incumbent operator is at the centre of M&A rumours.
A controlling stake in Morocco's incumbent operator is at the centre of M&A rumours.

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Qatar’s Qtel Group is interested in buying a controlling stake in Maroc Telecom from Vivendi, according to a report from the Financial Times.

According to the report, Qtel is “lining up a bid” for Vivendi’s 53% stake in Maroc Telecom, which is Morocco’s biggest telecom operator.

Qtel is not the only Gulf telco interested in the stake, and the telco could face competition from the UAE’s incumbent operator, Etisalat, the FT report stated, citing two people with knowledge of the situation.

Maroc Telecom, which is 30% owned by the government of Morocco, competes with two operators, Inwi and Meditel, and has some 23 million subscribers.

Earlier in the year, the telco completed the deployment of an international high speed fibre optic cable between Morocco and Spain.
 

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