South Korean telco KT Corp has mandated three banks to advise on its potential bid for Vivendi’s 53% stake in Maroc Telecom, according to Reuters.
Citigroup, Credit Suisse and Societe Generale will advise the company and finance the investment if the…
South Korean telco KT Corp has mandated three banks to advise on its potential bid for Vivendi’s 53% stake in Maroc Telecom, according to Reuters.
Citigroup, Credit Suisse and Societe Generale will advise the company and finance the investment if the bid is successful, said two sources cited in the report.
As TelecomFinance reported last month, KT had confirmed its interest in a Moroccan telco but had not named the target company.
A number of operators, including France Telecom and Qatar’s Qtel, are said to be interested in the French media and telecoms conglomerate’s stake in the Moroccan incumbent, which will reportedly be sold for about €5.5bn (US$7.15bn).
UAE telco Etisalat submitted an expression of interest last month.
Citigroup, Credit Suisse, Societe Generale and KT Corp were not immediately available for comment.
