{"id":45771,"date":"2013-09-11T17:35:46","date_gmt":"2013-09-11T15:35:46","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=45771"},"modified":"2013-09-11T17:37:23","modified_gmt":"2013-09-11T15:37:23","slug":"maroc-telecom-sale-close-minister","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/45771\/maroc-telecom-sale-close-minister\/","title":{"rendered":"Maroc Telecom sale close: minister"},"content":{"rendered":"<p>UAE Etisalat&#8217;s planned deal to buy a majority stake in Maroc Telecom will be finalized in 1-2 months, Morocco&#8217;s Minister of Foreign Affairs told reporters on Wednesday (11 September).<\/p>\n<p>France&#8217;s Vivendi SA in July entered exclusive talks with Etisalat &#8211; the United Arab Emirates No.1 telecom operator &#8211; to sell its 53% \u00a0stake in Maroc Telecom for 4.2 billion euros ($5.54 billion) in cash.<\/p>\n<p>Morocco&#8217;s government owns 30% of Maroc Telecom, with the remaining 17% publicly traded.<\/p>\n<p>&#8220;We have agreed on all main terms and a deal may be finalized in one to two months,&#8221; Minister Saadeddine Othmani told reporters on the sidelines of a conference in Dubai. &#8220;Everyone is happy (with the deal).&#8221;<\/p>\n<p>He did not provide further details on the deal.<\/p>\n<p>In August, Vivendi&#8217;s chief financial officer said the company aimed to completed the sale of its Maroc Telecom stake by year-end.<\/p>\n<p>Maroc Telecom offers fixed-line, mobile and Internet services in the kingdom and is one of Africa&#8217;s biggest telecom firms, with units in Burkina Faso, Gabon, Mali and Mauritania.<\/p>\n<h3 class=\"my-4\">More on\u00a0Maroc Telecom<\/h3>\n<p><a title=\"MTN bidding for Maroc Telecom?\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/36202\/mtn-bidding-for-maroc-telecom\/\"><strong>MTN bidding for Maroc Telecom?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE Etisalat&#8217;s planned deal to buy a majority stake in Maroc Telecom will be finalized in 1-2 months, Morocco&#8217;s Minister of Foreign Affairs has said.<\/p>\n","protected":false},"author":7,"featured_media":8805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,5611,6639,6640],"class_list":["post-45771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-maroc-telecom","tag-uae-etisalat","tag-vivendi-sa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=45771"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45771\/revisions"}],"predecessor-version":[{"id":45772,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45771\/revisions\/45772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/8805"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=45771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=45771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=45771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}