PARIS, June 14 (Reuters) - Qatar-backed telecom group Ooredoo
The move leaves Etisalat
"Although Maroc Telecom represents a good fit for our global portfolio, it is no longer in the best interests of our shareholders to continue to commit capital to what has become a lengthy process," said Chief Executive Officer Nasser Marafih in a statement.
"We are thus withdrawing our offer and we will focus our attention on generating value in other opportunities across our global footprint through organic and acquisitive strategies."
Vivendi received the two bids for Maroc Telecom in April and had said it was evaluating them before choosing a preferred bidder. It earlier said it expects the sale to close in the autumn.
(Reporting by Leila Abboud; Editing by Lionel Laurent)
((leila.abboud@thomsonreuters.com; +33 1 49 49 51 82; Reuters Messaging: leila.abboud.thomsonreuters.com@reuters.net; Twitter: @labboudles))
Keywords: OOREDOO VIVENDI/




















