GulfBase Live Support
Leave a message and our representative will contact you soon
27/01/2015 20:49 AST
The Etisalat Group today announced that it has completed the sale of its French-speaking West African Operations to Maroc Telecom. The announcement comes as part of the acquisition of a 53-percent shareholding in Maroc Telecom that took place in May 2014.
As part of this sale, Emirates Telecommunications Corporation Etisalat, through its wholly owned subsidiaries, Atlantique Telecom SA, AT, and Etisalat International Benin Limited, EIBL, successfully completed the sale of Etisalat’s shareholdings in its operations in Benin, the Central African Republic, Gabon, the Ivory Coast, Niger and Togo to Itissalat Al Maghrib, Maroc Telecom.
These operations provide both mobile voice and data services and operate under the Moov brand. The sale also includes Prestige Telecom, established in Ivory Coast, providing IT services to these same operations.
The final consideration in return for Etisalat’s equity and receivables, including shareholder loans, from these seven companies amounts to Euro 474 million.
The combination of Maroc Telecom’s existing West African assets with Etisalat’s Atlantique Telecom assets will result in the creation of a strong French speaking West African offering that will benefit from critical scale. This transaction will enable Etisalat to significantly strengthen its position in Africa via Maroc Telecom.
Gulf News
03/04/2018
Etisalat has announced it has reduced its roaming rates for voice calls, SMS and data starting from April 1.
It said in a statement that pre- and post-paid customers will benefit discounte
The National
22/03/2018
At Etisalat’s annual general meeting, held at the company’s headquarters in Abu Dhabi, shareholders have backed the board’s recommendation to pay full-year 2017 dividends of 80 fils per share. The AG
The Gulf Today
07/03/2018
Etisalat, the biggest telecommunications company in the UAE, is seeking to buy back stock valued at as much as $2 billion. The shares climbed. The board of Emirates Telecommunications Group, also kno
Gulf News
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News