Tuesday, 27 November 2012

Morocco hopes Qatar, European investors drawn to Maroc Telecom | Reuters

Morocco is hoping investors from Qatar or Europe will take a stake in part state-owned Maroc Telecom if France's Vivendi follows through on reported interest to sell out, a government minister said late on Monday.

Last month, Vivendi asked Credit Agricole and Lazard to gauge appetite for its 53 percent stake in the North African operator without giving them a formal mandate for the sale, sources familiar with the matter told Reuters.

Reports have suggested Qatar Telecom, the telecoms group controlled by Qatar, is interested in making a bid. Vivendi has declined to comment. Morocco's government is the second largest stakeholder in Maroc Telecom, with 30 percent.

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