Morocco Telecom and Etisalat in buying deal
This agreement also includes Prestige Telecom provides IT services on behalf of Etisalat subsidiaries in these countries.
The transaction, the price is $ 650 million, relates to the resumption of participation in these operators Etisalat and the redemption Morocco Telecom shareholder loans.
The conclusion of this agreement is subject to a number of conditions, including the completion of the acquisition by Etisalat of Vivendi's interest in Morocco Telecom and approval of relevant authorities in the countries where Etisalat subsidiaries are located. ■