Vivendi today announced that it has signed a definitive agreement with Etisalat for the sale of its 53% shareholding in Maroc Telecom for a total amount of €4.2 billion in cash.
The sale is part of Vivendi’s strategy to focus and strengthen its businesses around media and content activities.
The definitive agreement is subject to certain conditions, particularly the approval from the regulatory authorities in the countries where Maroc Telecom operates.
The transaction will be completed by early 2014.
