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France Telecom closes buy of 40% in Meditel.
(From M&A Navigator)
MANAVIGATOR-December 2, 2010-France Telecom closes buy of 40% in Meditel (C)2010 M2 COMMUNICATIONS http://www.m2.com
France Telecom (EPA:FTE) on Thursday said it has finalised the purchase of 40% in Moroccan mobile operator Meditel from French owners Caisse de Depot et de Gestion (CDG) group and FinanceCom, after it had received all needed approvals. France Telecom will further raise its Meditel stake to 49% on 1 January 2015 when it will fully consolidate the stock into its accounts, it added. The French telecom announced the EUR640m (USD845m) deal on 21 September 2010, saying then that the price valued the company at EUR2.14bn. This …
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