Economics

Vivendi announces Maroc Telecom deal for 4.2 bn euros

Vivendi announces Maroc Telecom deal for 4.2 bn euros (via AFP)

French media and entertainment group Vivendi has reached agreement to sell its 53-percent stake in Maroc Telecom to Emirates firm Etisalat for 4.2 billion euros in cash, Vivendi said on Tuesday. The announcement of the deal, worth the equivalent of $…