Maroc Télécom confirms suspension of its purchase of Gabon Telecom

26 Jul 2007

Moroccan former monopoly telco Maroc Télécom has confirmed in a statement that a Gabonese court has suspended the completion of its purchase of incumbent telco Gabon Telecom and its wholly owned mobile unit Libertis, which it agreed with Gabon’s government in February, as reported in CommsUpdate yesterday. The statement reads: ‘Maroc Télécom has been informed that following a request introduced by seven employees of Libertis to cancel the privatisation process of Gabon Telecom and Libertis, the Gabonese Supreme Court (Court Constitutionnelle) has ordered an interim measure suspending the transfer and sale agreements. This interim measure has been cancelled [sic] on 24 July 2007 by the President of the Supreme Court. Pending the decision of the Supreme Court, Maroc Télécom will continue to follow this matter with the greatest attention and shall take all necessary action in order to protect its rights and those of its shareholders.’

Gabon, Gabon Telecom, Libertis, Maroc Telecom (IAM)