Vivendi: Maroc Telecom sale closing expected on May 14
Vivendi today announced that all the conditions precedent to the sale of its 53% shareholding in Maroc Telecom to Etisalat have now been fulfilled.
The final agreement was signed on November 4, 2013, and the closing of the transaction is expected on May 14.
This divestment is in line with Vivendi’s strategy, initiated in the Spring of 2012, to focus on and develop its media and content activities.
Vivendi groups together leaders in content, media and telecommunications. Canal+ Group is the French leader in pay-TV, also operating in French-speaking Africa, Poland and Vietnam; its subsidiary Studiocanal is a leading European player in production, acquisition, distribution and international film and TV series sales. Universal Music Group is the world leader in music. GVT operates fixed very high-speed broadband, fixed-line telephony and pay-TV services in Brazil. In addition, Vivendi owns SFR, a French leader in alternative telecoms.
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