Ooredoo secures $12bn loan for Maroc Tel stake
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Ooredoo secures $12bn loan for Maroc Tel stake

Ooredoo secures $12bn loan for Maroc Tel stake

Qatar's Ooredoo has secured a loan of up to $12bn from a group of 10 banks to support its bid for Vivendi's stake in Maroc Telecom, Reuters has reported, citing bankers working on the deal. The Qatari firm is battling with the UAE's Etisalat over the stake, after South Korea's KT Corp dropped out of the race. Etisalat is set to sign an $8bn loan facility this week with as many as 16 banks to help fund its stake bid.

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