June 17, 2013
Vivendi is pushing for France Telecom-Orange to bid for the 53 percent stake it is selling in Maroc Telecom, people familiar with situation told the Wall Street Journal. Orange has been weighing whether to join the contest for several months but has yet to make a decision. Quatar’s Ooredoo (Qtel) pulled out of the bidding last week, leaving only the UAE’s Etisalat, which is present elsewhere in Africa. Korea’s KT expressed interest at first, then withdrew in March. Vivendi is selling its controlling stake in Maroc Telecom to raise cash as part of a renewed focus on its media subsidiaries. Taking a controlling stake in Maroc Telecom would consolidate the Moroccan telecom market from three to two main players, or lead to regulatory hurdles due to its 40 percent ownership of Meditel.