Sunday, 04 December 2016

Etisalat gets funds in place for Maroc Telecom deal

By Mary Lennighan, Total Telecom
Monday 28 April 14

UAE operator expects transaction to close in May; posts revenue and subscriber growth in Q1.

Etisalat on Monday announced it has organised financing for its acquisition of a controlling stake in Marco Telecom. The United Arab Emirates-based operator has brokered a deal with 17 banks that will give it access to funding worth €3.15 billion that can be drawn in either euros or dollars. "The purpose of the financing is to fund the acquisition of Vivendi's 53% stake in Maroc Telecom…

Etisalat on Monday announced it has organised financing for its acquisition of a controlling stake in Marco Telecom. The United Arab Emirates-based operator has brokered a deal with 17 banks that will give it access to funding worth €3.15 billion that can be drawn in either euros or dollars. "The purpose of the financing is to fund the acquisition of Vivendi's 53% stake in Maroc Telecom…

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