July 29, 2010 -
PRLog -- Le Magazine du Manager, an official local newspaper, has stated that France Telecom may buy up to 40% stake in the Moroccan mobile operator Meditel, owned by CDG Capital and Finance.com. The amount of the operation would turn around €650 million, which is 25% higher compared to the price of acquisition by the 2 Moroccan groups from the Iberian operators Telefónica and Portugal Telecom less than a year ago.
Meditel is the second mobile operator in Morocco with a customer base of 10.4 million subscribers and a market share of 37% according to the national regulator ANRT’s last quarterly report. Meditel also provides fixed line telephony and internet services.
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