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Etisalat’s Maroc Telecom stake buyout to be concluded in 2 months

The Moroccan government has announced UAE Etisalat's planned deal to acquire a majority stake in Maroc Telecom is to be finalised in 1-2 months, Reuters has reported. France's Vivendi in July entered exclusive talks with Etisalat to sell its 53% stake in Maroc Telecom for $5.54bn in cash. "We have agreed on all main terms and a deal may be finalised in one to two months," foreign affairs minister, Saadeddine Othmani, told reporters on the sidelines of a conference in Dubai. "Everyone is happy (with the deal)."