Meditel

France Telecom buys 40% of Meditel

A consortium including Fipar-Holding (CDG group), FinanceCom and France Telecom have signed a memorandum of understanding with a view to France Telecom acquiring a 40 per cent share of Moroccan operator Medi Telecom for €640m. The closing of the agreement requires approval of the Moroccan regulatory body (ANRT), expected to take place by the end of 2010.

Telefonica, Portugal Telecom exit Morocco

Spanish carrier Telefonica and Portugal Telecom said this week that they have jointly sold their controlling holding in Moroccan operator Medi Telecom to the other local partners in the company for €800m in cash.

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