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Morocco to sell part of Maroc Telecom
19 July 2011: The Moroccan government sells part of its 30 per cent stake in Maroc Telecom after a spending push to Calm Street protests eroded its public finances and raised concern over its ability to fund key projects.
The Finance and Economy Ministry will sell up to 7 percent of Maroc Telecom’s capital, or 61.53 million shares.The transactions will be completed by December 2011.The Telecom has its subsidiaries in Mauritania, Burkina Faso, Gabon and Mali which are in Arica.
Source: Zawya