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.
Maroc Telecom
Breaking News
Etisalat and Vivendi formalize agreement as to the sale of Maroc shareholdings from Vivendi to Etisalat.
The new deadline is now at October 31 for the acquisition of Vivendi's shareholdings in Maroc Telecom by Etisalat.
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year.
Vivendi SA is in talks with Emirates Telecommunications concerning its 53 percent stake in Maroc Telecom.
Ooredoo withdraws from the race for Maroc Telecom citing valuation issues as well as frustration with the bidding process.
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