| 12 Feb 2007 |
|
Maroc Telecom: acquisition of a 51% stake in Gabon Telecom SA
- Text size
Maroc TelecomMaroc Telecom
was announced the winner of the tender offer relating to the acquisition of a 51% stake in Gabon Telecom SA, the incumbent telecommunications operator of Gabon, for an amount of Euro 61 million. Mr. Abdeslam Ahizoune, Chairman of Maroc TelecomMaroc Telecom Management Board, as well as Mr. Paul Toungui, State Minister, Minister of Economy, Finance, Budget and Privatization and Mr. René Ndemezo'Obiang, Minister of Communication, Telecoms and New Technologies, have proceed to the signature of this transaction documents.For this occasion, Mr. Ahizoune declared: "We are happy that Maroc TelecomMaroc Telecom
has been choosen as a strategic partner of Gabon Telecom. Without waiting, we are going to implement a restructuring and development plan that will help this operator to become a jewel of the Gabonese economy and a model for the region, able to offer the best services at the best prices to the population and to companies of this country." Gabon Telecom realized, with its mobile subsidiary Libertis, revenues of Euro 137 million in 2006, according to Gabonese estimations. In a liberalized mobile telecom market, with to other competitors, the company has at the end of December 2006, according to its estimations, a customer base of 250,000 Mobile customers, i.e. a market share of nearly 30%, and more than 30,000 Fixed-line subscribers. The penetration rate is estimated at the end of 2006 to 53% for the Mobile and 2 % for the Fixed-line.Let us recall that Maroc TelecomMaroc Telecom
is the majority shareholder of Mauritel, the historical Mauritanian telecom operator, since April 2001, and also of Onatel in Burkina Faso since December 2006.BNP ParibasBNP Paribas
and August & Debouzy firm are the financial and the legal advisors of Maroc TelecomMaroc Telecom for this transaction.-Ends-
Maroc TelecomMaroc Telecom
is Morocco's incumbent telecommunications operator and the country's market leader in fixed-line and mobile telecommunications and Internet access. Since December 2004, Maroc TelecomMaroc Telecom is listed on the Casablanca and Paris stock exchanges and its main shareholders are Vivendi Universal (51%) and the Kingdom of Morocco (34%).
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.