Etisalat increased bid for Maroc Tel
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Etisalat increased bid for Maroc Tel

Etisalat increased bid for Maroc Tel

Etisalat has raised its bid for Vivendi's Maroc Telecom over rival Qatari bidder Ooredoo, Reuters has reported, citing two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. "If Etisalat cleans up its offer, then it wins," said one of the sources, who is close to the process. "If not, it will go to Qatar, who also made an offer that Vivendi can accept."

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