Deals
Etisalat CEO Weighs Financing for $6 Billion Vivendi Maroc Stake
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Emirates Telecommunications Corp., the Middle East’s second-biggest phone company by market value, said it’s weighing finance options for the potential acquisition of Vivendi SA’s $6 billion stake in Maroc Telecom.
“We are very much underleveraged and we have the cash; that leaves us with all options open,” Group Chief Executive Officer Ahmad Julfar said in an interview in Davos today. “We can fund with all the cash we have, partly with the cash we have, or completely through debt financing,” he said.