PARIS, April 30 Vivendi said that the
ongoing sale of Maroc Telecom would not be finalised
before the autumn, although two bids were now being evaluated in
close collaboration with the Moroccan state.
The kingdom of Morocco owns 30 percent of the fixed and
mobile operator and must approve Vivendi's choice of buyer.
Vivendi has received binding offers from Ooredoo
and Etisalat for its 53 percent stake in Maroc
Telecom, which has a market value of around 4.2 billion euros.
It is expected to choose a preferred bidder in the coming days,
according to a person familiar with the process.
"We are working in close collaboration with the Moroccan
kingdom in the sale process," said Chairman Jean-Rene Fourtou at
Vivendi's annual shareholder meeting on Tuesday.
"It takes time. The deal will not close before autumn."
(Reporting by Leila Abboud; Editing by Elena Berton)