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Etisalat acquires Morocco’s Maroc Telecom

Technology company Vivendi announced that they have concluded talks with Etisalat of the United Arab Emirates (UAE) in an all-cash deal, which would see it acquire a 53% stake in Maroc Telecom. The deal is reportedly worth $5.6-billion. “Morocco Telecom notes...

Maroc Telecom announces massive broadband investment

  Morocco is seeing a massive boost in broadband Internet efforts as Maroc Telecom, an established telecom operator in the North African country, announced a MAD 10.1 billion  upgrade to the current network in the country. The announcement was made in a...

Morocco to sell 7% of Maroc Telecom

The Moroccan government is looking to sell seven percent of its stake in Maroc Telecom on the country’s stock market, the finance ministry said in a press statement on Wednesday. The Moroccan government currently holds a 30 percent stake in...

France’s Vivendi looks for North Africa expansion

French media giant Vivendi is looking to expand its presence in the Middle East and North Africa, it said on Wednesday. According to the French media group, it is currently holding talks with telecommunications companies and banks in the...

Few opportunities for Etisalat in Morocco

Etisalat sees fewer investement opportunities for the Telco giant after its bid for Morocco’s Meditel did not come to fruition. According to TMCnet.com, Etisalat had said it was interested in acquiring a stake in Meditel, Morocco's second-biggest telecoms operator, but...

Vivendi pulls out of Zain deal

The much talked about $10 billion Zain take over by Vivendi has been halted, with French media giant, saying the deal was inconsistent with its financial criteria. ‘Vivendi has applied its usual criteria of profitability and financial discipline to this...

Vivendi takes over Zain Africa with $12bn bid

France’s largest entertainment group Vivendi, has reportedly taken over Zain Africa with a $12 billion bid, ending speculation regarding the future of the ailing telecoms giant. The Monitor in Uganda reported that the move signals an ironic return for the...

Vivendi bids for Zain Africa

Zain has received an offer from France's largest entertainment groups Vivendi, for its African operations. There is no word on the amount offered but Kuwaiti daily al-Anbaa has reported that Zain’s Group's Assistant Chief Executive for Business Development and...

End of the road for Zain?

THE Zain brand has only been in the Kenyan market for less than a year, but if developments within the Zain Group in the last few days are anything to go by, it may be on its way out. On...
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Scan or Scam? 4 Hidden Risks Behind QR Codes

In today’s digital world, QR codes are placed on almost everything—from yogurt containers and restaurant menus to museum exhibits...
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