Maroc Telecom and Etisalat have signed an agreement for the acquisition of six assets in Africa

05/05/2014
 Maroc Telecom and Etisalat have signed an agreement for the acquisition of six assets in Africa

Maroc Telecom has signed with Etisalat an agreement to acquire its subsidiaries located in Benin, Central African Republic, Ivory Coast, Gabon, Niger and Togo. The agreement also includes Prestige Telecom, established in the Ivory Coast, providing IT services to the operations of Etisalat in these countries.

The transaction, for a total consideration of 650 million dollars, includes the acquisition of Etisalat’s majority stake in these operators, as well as the shareholders loans.

The realization of this agreement is subject to a certain number of conditions, in particular the finalization of the acquisition by Etisalat of Vivendi’s stake in Maroc Telecom and the approval from the relevant authorities in the countries where these assets are located.

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