Deals
France Telecom Says It’s Interested in Moroccan Phone Market
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France Telecom SA is eyeing an expansion into Morocco as it considers spending as much as 7 billion euros ($9.1 billion) on African and Middle Eastern acquisitions.
The largest French phone company “confirms its interest in the Moroccan telecom market,” spokesman Tom Wright said by phone today. Wright declined to comment on a report in Moroccan newspaper Le Matin that said Paris-based France Telecom is in talks to take a 40 percent stake in local operator Medi Telecom SA.