Middle East and North African VoD streaming service, Icflix, has agreed an exclusive partnership with Maroc Telecom. The deal will allow Maroc Telecom customers to access Icflix for what the VoD service described as an “unprecedented” price of 50 Moroccan Dirhams (€4.62). “Maroc Telecom – a pioneer in the Moroccan industry, will enable us to […]
Vivendi has completed the sale of its majority stake in Maroc Telecom to UAE-based Etisalat for €4.138 billion. The sale is a further staging post in Vivendi’s evolution into a media company and away from telecoms. The group said that the closing of the sale would enable it further reduce its debt ratio. Vivendi expects […]
UAE-based telco Etisalat is to acquire Vivendi’s majority stake in Maroc Telecom for €4.2 billion in cash. Vivendi and Etisalat have signed a definitive agreement for the sale of the Moroccan operator, in which Vivendi holds a 53% stake. Vivendi expects the deal to close in early 2014, subject to regulatory approval in the countries […]
Vivendi has entered into exclusive negotiations with UAE telco Etisalat for the sale of its majority stake in Maroc Telecom. Etisalat is offering MAD92.6 (€8.29) a share for the operator, giving Vivendi potential cash proceeds of €4.2 billion. Taking account of the net debt of Maroc Telecom, the deal places an enterprise value of €4.5 […]
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