FT may make a move for Vivendi’s Maroc Telecom

6 Dec 2012

The chief executive of France Telecom-Orange (FT-Orange) has revealed that the company may be interested in acquiring Maroc Telecom. According to a report from Dow Jones, Stephane Richard told Le Figaro newspaper that the Moroccan operator could have ‘strategic interest’ for FT-Orange, although he did add that his firm would not be constrained by demands on the valuation or timing of the deal. The French giant is currently saddled with a huge debt pile, but Richard said that this would not stop the company ‘from looking for ways to seek interesting opportunities’. Maroc Telecom is currently owned by another French company, Vivendi, but the group is in the midst of a strategic review and is looking to focus more on its media operations and move away from telecommunications. Its domestic mobile operation SFR has also been the subject of several rumours regarding a potential sale.

Morocco, Maroc Telecom (IAM), Orange Group, Vivendi