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.

Maroc Telecom has now finalised the acquisitions of Etisalat subsidiaries in Benin, Ivory Coast, Gabon, Niger, Central African Republic and Togo.

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.