Aug 02

Orange tempted by the Moroccan market

Tag: Uncategorized, business, finance, international, moneyadmin @ 9:32 am

The Orange brand from France Telecom eyeing the Moroccan operator Meditel, according to the weekly News Morocco. The French-language magazine said that discussions between Orange and holders Meditel, private groups and Moroccan FinanceCom CDG have reached an advanced stage.

Orange covets, according to the weekly, 40% stake in Meditel, an operation that could cost the French 650 million euros. The French operator has simply told Reuters "confirm [ing] his interest in the Moroccan market, but could not say for now.

The Maghreb is among the new targets for development of French telephone operators. If Orange is well positioned to Tunisia to be licensed fixed and mobile, however it is far away from Morocco, contrairementà rival Vivendi is a shareholder of Morocco Telecom, the contract number.