Etisalat to bid for Morocco Meditel stake

Emirates Telecommunications Corp will bid for a stake in Morocco’s Meditel as it looks to expand in the Middle East and Africa, the telecom chairman said on Friday.

Emirates Telecom (Etisalat) will also continue to pursue the telecom licence in Iran it was stripped of last week, Mohammed Hassan Omran told Reuters on the sidelines of the World Economic Forum at the Dead Sea in Jordan.

”We are looking for opportunities in the Middle East and Africa, especially at this time there are some good assets,” Mr Omran told Reuters Television. ”Assets are becoming cheap ... we see them becoming more cheap in coming months.”