Itissalat Al Maghrib Ste SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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KT Corp To Drop Bid To Buy Vivendi SA's Stake In Itissalat Al Maghrib Ste SA-DJ
Dow Jones reported that KT Corp will drop its initial bid to buy Vivendi SA's controlling stake in Itissalat Al Maghrib Ste SA, in what would have been the biggest-ever cross-border deal by a South Korean company. Under the deal, Vivendi's 53% stake was valued at roughly EUR5.5 billion ($7.19 billion). French conglomerate Vivendi S.A. has been trying to shift away from the telecoms business toward focusing on media assets like U.S.-based Universal Music Group and French TV and movie giant Canal Plus. Vivendi has been auctioning off both Maroc Telecom and its Brazilian phone and broadband unit GVT Aside from KT Corp., Ooredoo QSC, Emirates Telecommunication Corp Ltd, or Etisalat, and France Telecom SA were among a number of potential bidders that expressed preliminary interest in Maroc Telecom last year.
Latest Developments for Itissalat Al Maghrib Ste SA
- Itissalat Al Maghrib Ste SA (Maroc Telecom) confirms FY 2014 EBITDA guidance
- Vivendi completes sale of Itissalat Al Maghrib Ste SA to Emirates Telecommunication Corp Ltd
- Itissalat Al Maghrib Ste SA updates on FY 2013 dividend
- Vivendi SA announces sale closing of 53 percent in Itissalat Al Maghrib Ste SA to Emirates Telecommunication Corp Ltd
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