DUBAI Nov 5 UAE's Etisalat has agreed
terms with Vivendi to buy the French media
conglomerate's 53 percent stake in Maroc Telecom for
4.2 billion euros ($5.67 billion).
This will see Etisalat pay Vivendi 3.9 billion euros for the
stake, plus a further 300 million euros in 2012 dividends from
Maroc Telecom, the United Arab Emirates' No.1 telecom operator
said on Tuesday.
Once concluded, the deal will give Etisalat majority control
of Morocco's former monopoly operator, which offers fixed-line,
mobile and Internet services in the kingdom and also has
operations in Burkina Faso, Gabon, Mali and Mauritania.
Etisalat said the deal was subject to regulatory approvals