Maroc Telecom is buying Emirates’ telecommunication company, Etisalat for $650 million, and for this reson Etisalat is naw making sure the shares and the aaccounts are well balanced in preparation for Maroc’s coming.
What Maroc is buying for that rich sum of money is Etislalt’s existing shares in a good number of african mobile networks; then Etisalat will buy 53 percnet shares in Maroc Telecom, so the net effect is negligible, but it does combine the two companies respective African networks into a single holding company.
Etisalat has subsidiaries located in Benin, Central African Republic, Ivory Coast, Gabon, Niger and Togo. Meanwhile, Maroc Telecom has operations in Gabon, Mauritania, Burkina Faso and Mali.
The sale of the Etisalat networks to Maroc Telecom is conditional on the sale of Maroc Telecom to Etisalat completing.