ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 05:01 UAE time

YOUR DIRECTORY /

| Share |

Etisalat to bid for Morocco's Meditel stake

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Friday, 15 May 2009

Emirates Telecommunications Corp (Etisalat) said it would bid for a stake in Morocco's Meditel as it seeks acquisitions in the Middle East and Africa after asset prices declined.

Portugal Telecom has appointed Morgan Stanely to sell its 32 percent stake in Meditel, Moroccos' second-largest telecoms company, people familiar with the matter said earlier this month.

"We are expecting Morocco ... We are participating in the bid for Morocco... Meditel and we are working hard for Syria and Lebanon," Mohammed Hassan Omran told Reuters in an interview on the sidelines of the World Economic Forum in Dead Sea, Jordan.

Etisalat still had its sights set on Iran after the country stripped a consortium including the UAE telecom firm from a licence it was awarded earlier this year.


Story continues below ↓
advertisement

"In Iran, we made the best bid. Our partner could not continue and that ended up disqualifying the consortium," Omran said.

"We are evaluating the possibilities. It is the big market and it has a lot of potential. But it is complex. The game is not over for us in Iran." (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST TECHNOLOGY

  1. STC vows to honour free calls pledge
  2. Zain boss named CFO of the Year at Dubai awards
  3. Microsoft steps up UAE anti-piracy raids
  4. Yahoo! Maktoob aims to double users in two years
  5. Paltel says deal with Kuwait's Zain is off

TOP MIDDLE EAST BUSINESS STORIES

  1. Arab youth SMEs turn to family finance
  2. Shipping slump stops Bahrain's new port signing main liner
  3. Saudi, Dubai flights hit by toilet malfunction
  4. Al Jazeera wins TV rights for 2010 World Cup
  5. Emirates increases Amman, Doha services

ALSO IN MIDDLE EAST TECHNOLOGY

  1. Batelco fined $13.3m by Bahrain telecom watchdog
  2. Google and UAE oasis city reach online deal
  3. Gulf telcos sign up to new broadband cable deal
  4. du to invest $85m to improve mobile network
  5. STC vows to honour free calls pledge

LATEST MIDDLE EAST BUSINESS NEWS

  1. Education: Mubadala completes $1bn financing for uni project
  2. Banking & Finance: Deal sought on Dubai World, Nakheel debts
  3. Banking & Finance: Arab youth SMEs turn to family finance
  4. Banking & Finance: Dubai raises further $5bn in bond sale
  5. Transportation: Shipping slump stops Bahrain's new port signing main liner

SHARE PRICE CHECK

more ยป MIDDLE EAST MARKETS DATA

ETISALAT.ADX

Last Price:

11.35

+0.10+0.89%

25 Nov 2009 09:59 GMT
(Market Closed)

RELATED STORIES

Wef 2009
3 stories
  1. Queen Rania uses Twitter to tweet on WEF
    18 May '09 | News
  2. Jordan signs $540m oil exploration deal with Shell
    18 May '09 | News
  3. UAE may make more changes to expat visas - Dubai official
    18 May '09 | News
Emirates Telecommunications Corporation (Etisalat)
| 481 stories
  1. Morocco's red tape turns Gulf investors away
    26 Nov '09 | Features
  2. Telco trailblazers
    12 Nov '09 | Interviews
  3. 57% eye change in UAE mobile phone operator
    11 Nov '09 | News
Meditel
| 1 story

    RELATED LINKS

    1. Emirates Telecommunications Corporation (Etisalat)»
    2. Meditel»
    Related links open in a new window and are not endorsed by ArabianBusiness.com.

     EMAIL ALERTS

    1. Emirates Telecommunications Corporation (Etisalat)

    2. Meditel

    3. Technology


    CURRENCY CONVERTOR

    Tell us your story

    CURRENT ISSUE


     

    READER COMMENTS

    1. EXCLUSIVE: PR guru says Dubai needs 'softer image' 07
      25 Nov ' 09 at 17:02
      Firstly, kudos to the AB guys for actually going ahead and publishing this, having lived here for almost 20 years, its very rare that...   More  »
    2. UAE banks need to improve customer service - poll 05
      25 Nov ' 09 at 14:54
      If you want the best way to avoid these harassing calls, follow these steps (this applies to Nokia phones):1) download the (free)...   More  »
    3. Dubai's Oct property sales value rises by 50% - official 05
      25 Nov ' 09 at 12:49
      From my own personal experience of buying and selling in recent months (June 09) and also being a real estate agent for the past 4...   More  »

    Read all user comments >

    Gitex 2009

    MORE FROM ARABIANBUSINESS.COM

    JOBS

    SPECIAL REPORTS

    SURVEYS & REPORTS

    PROPERTY