Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Etisalat
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Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
The exclusive discussion for Etisalat’s proposal to acquire Vivendi’s stake in Maroc Telecom had been extended up to October 31.
Etisalat ETEL.AD announced plans to acquire Pakistan's Warid. Etisalat hires Goldman Sachs Group as financial adviser for the deal.
Vivendi SA is in talks with Emirates Telecommunications concerning its 53 percent stake in Maroc Telecom.
Etisalat announced that they are in the preliminary talks for the acquisition of Vivendi's stake in Maroc Telecom
Ooredoo withdraws from the race for Maroc Telecom citing valuation issues as well as frustration with the bidding process.
