Etisalat has yet to receive a response from Vivendi on its Maroc Telecom bid, according to its CEO. Etisalat is still awaiting advice from Vivendi as to its submitted bid for its 53% shareholdings in Maroc Telecom.
Tags: Maroc Telecom
Banks avoid financial backing for Etisalat over letter of support issued for subsidiary
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Maroc shareholdings bought by Etisalat from Vivendi
Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.
Etisalat extension provided for Maroc acquisition
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
Vivendi wants to close sale of Maroc Telecom unit this year
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
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Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
Etisalat joins the Maroc Telecom shares race with an expression of interest. The Emirates Telecommunications Corp or ETISALAT has expressed interest in acquiring the 53% shareholdings of Vivendi SA in Maroc Telecom.
KT Corp, citing many issues, has formally withdrawn from the bidding for Vivendi's shareholdings in Maroc Telecom.
Etisalat, through a loan, is bidding for Maroc Telecom's shares owned by French firm Vivendi. Etisalat, the Abu Dhabi owned telecommunications company has prepared a dual tranche US$8billion loan facility to back up its bud to acquire Maroc Telecom.
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