No deal for Vivendi and Oger

20 Nov 2007

French media and communications group Vivendi issued a statement yesterday that talks about buying a stake in UAE-based telecoms holding group Oger Telecom had ended without a deal. Vivendi, the parent of French telco SFR and Moroccan incumbent Maroc Telecom, added that it would continue to look for acquisitions ‘at an acceptable price, combined with clear prospects of control.’ Oger Telecom is majority owned by Saudi Arabia’s Saudi Oger, itself controlled by relatives of late Lebanese prime minister Rafiq Hariri; the group owns stakes in fixed line, mobile and internet operations in Turkey, Saudi Arabia, South Africa, Lebanon and Jordan.

United Arab Emirates