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Maroc telecom sells 20% of its share in Mauritel
Morocco-Mauritania, Economics, 5/15/2002

Moroccan phone operator Group, Maroc Telecom, sold 20% of its share in Mauritania's Mauritel to Mauritanian Abdallahi Ould Noueigued (AON) private group, the weekly "Le Calame" said this week.

Maroc Telecom, which owned 54% of Mauritel's capital, sold the 20% of shared at US$ 16 million.

After the transaction, the Mauritanian state became Mauritel's main share holder with 46%.

Maroc Telecom had won in March 2001 the bid for Mauritel privatization, against Portugal Telecom.

Previous Stories:
  Moroccan-Mauritanian business council holds first meeting   (1/31/2002)
  Morocco, Mauritania define implementation programs of fisheries cooperation   (11/14/2001)
  Moroccan electricity utility shortlisted for privatization of Mauritania's SOMELEC   (11/8/2001)

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