|
Maroc-Telecom purchases 54 percent in mauritanian telecom company
Morocco-Mauritania, Business, 2/12/2001
Morocco's phone operator, Maroc-Telecom, has purchased 54 percent of the Mauritanian phone company, Mauritel.
The Moroccan operator won the bid on Saturday for an offer of $ 48,131,160.
Maroc-telecom, which obtains 572,990 shares, will reserve 3 percent of the shares to personnel at $ 84 a share.
The company undertook to increase Mauritel capital by 26.045 percent.
Mauritel, set up in 1960, started operating last year a GSM network.
Previous Stories:
Maroc-telecom CEO in Mauritania
(2/10/2001)
Morocco, Mauritania to Launch 14 Km Long Stretch of Trans-Saharan Road
(1/29/2001)
King Mohammed in Tangiers
(4/25/2000)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
