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Etisalat Still Eyeing Morocco after Meditel Stake Sale - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Emirates Telecommunications Corp (Etisalat), which lost a bid to take a stake in Morocco’s Meditel telecoms firm, is still interested in the country’s sector, a spokesman said on Wednesday.

Ahmed Bin Ali said Etisalat, the Arab world’s third biggest telecoms firm by market value, saw Morocco as a growth market.

“We are monitoring closely and we still think that Morocco is a good market,” Ali told Reuters. “It depends on what new is coming up and it does not only include Meditel but any other opportunity.”

Portugal Telecom and Telefonica sold their stakes in Meditel, Morocco’s No. 2 player, to Moroccan investors this week.

Ali also said Etisalat had no interest in taking a stake in Kuwait rival Zain or its African assets, which are on the auction block.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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