Etisalat Group raises its stake in Maroc Telecom, increasing ownership to 100%

MOROCCO – Etisalat Group, the UAE based Emirates Telecommunications Corporation has raised its stake in the Moroccan telecommunications company Maroc Telecom, after spending MAD 4.5 billion (US$505 million) on an acquisition deal. Etisalat Group CFO Karim Bennis confirmed in a regulatory filling to the Abu Dhabi Securities Exchange that the group had signed an agreement with Abu Dhabi Fund For…

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