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Tuesday, 24 November 2009 18:34 UAE time

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Etisalat still eyeing Moroccan opportunities

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 02 September 2009
MOROCCO MARKET: Etisalat says it still views the Moroccan market as one for growth despite missing out on Meditel. (Getty Images)
MOROCCO MARKET: Etisalat says it still views the Moroccan market as one for growth despite missing out on Meditel. (Getty Images)

Emirates Telecommunications Corp (Etisalat), which lost a bid to take a stake in Morocco's Meditel telecoms firm, is still interested in the country's sector, a spokesman said on Wednesday.

Ahmed Bin Ali said Etisalat, the Arab world's third biggest telecoms firm by market value, saw Morocco as a growth market.

"We are monitoring closely and we still think that Morocco is a good market," Ali told Reuters. "It depends on what new is coming up and it does not only include Meditel but any other opportunity."


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Portugal Telecom and Telefonica sold their stakes in Meditel, Morocco's No. 2 player, to Moroccan investors this week.

Ali also said Etisalat had no interest in taking a stake in Kuwait rival Zain or its African assets, which are on the auction block. (Reuters)

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