Maroc Telecom acquires six African units from Etisalat
27 January 2015 |
Maroc Telecom has today completed the acquisition of six African assets from Etisalat for a total price of €474 million ($537 million).
The deal was first announced in May last year, when Etisalat secured a 53% shareholding in Maroc Telecom.
The combination of Maroc Telecom’s existing West African assets with Etisalat’s network coverage in the region will create a strong French-speaking West African operation, as well as strengthen Etisalat’s position.