Vodafone Bids $6 Billion For 53% Stake In Maroc Telecom

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Sam Wakoba
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Vodafone

After the sale of its Verizon stake, Vodafone is eying  to buy a majority stake in Maroc Telecom from France’s Vivendi which has been in talks with Etisalat.

Etisalat had put up a bid for Maroc Telecom’s 53% stake  at $5.4 billion. Other bidders had pulled out of the deal as one who buys the majority shareholder has to buy out the minority shareholders too, leaving it Etisalat as the only telco interested. One of the shareholders is the Moroccan government which owns 30% of Maroc Telecom.

 

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Vodafone recently sold its 45 per cent stake in US-based Verizon Wireless for $130billion  and is now eying Maroc Telecom and France’s SFR. The Morocco based Maroc Telecom is one of the largest telecom operators in North Africa.

Vodafone is not new to Vivendi. In 2011, it sold its 44 per cent stake in SFR to Vivendi for $10.7 billion. Vodafone  also has a strong presence in Africa with a 65 per cent stake in Vodacom with operations in  Egypt, Tanzania, South Africa, Lesotho, Mozambique, and DRC.

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Sam Wakoba
Sam Wakoba
http://techmoran.com
Based in Nairobi, Kenya, Sam is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba
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