---
title: Etisalat attracts funding for Maroc Telecom bid - Developing Telecoms
description: Etisalat has reached a financing agreement with several banks which will allow it to acquire a majority stake in Maroc Telecom.
canonical_url: https://developingtelecoms.com/telecom-business/telecom-investment-mergers/5257-etisalat-attracts-funding-for-maroc-telecom-bid.html
language: en-GB
date: 2014-04-29T08:34:21Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/telecom-investment-mergers/5257-etisalat-attracts-funding-for-maroc-telecom-bid.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1016
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/telecom-investment-mergers/5257-etisalat-attracts-funding-for-maroc-telecom-bid.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)## Etisalat attracts funding for Maroc Telecom bid

 

 

   Details    James Barton    Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)     29 April 2014     11570 views   

 

  ![](https://developingtelecoms.com/images/stories/highResLogos/800x600/placeholder-logo_1200x900.png)  

 

Etisalat has reached a financing agreement with several banks which will allow it to acquire a majority stake in Maroc Telecom.

The €3.15 billion “multi-currency club deal” involves 17 banks, and is intended “to fund the acquisition of Vivendi’s 53 per cent stake in Maroc Telecom”. Etisalat agreed to acquire French group Vivendi’s majority stake in the Moroccan operator for €4.2 billion last year.

The two tranches of Etisalat’s funding take the form of a 12 month bridge loan worth €2.1 billion and a three year bullet term loan worth €1.05 billion. They will be available to Etisalat once it has closed the deal with Vivendi.

Etisalat CEO Ahmad Abdulkarim Julfar noted that the group was aiming to “cement \[its\] regional leadership position” within Africa and the Middle East by expanding its “service offering and geographic footprint”.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.developingtelecoms.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2014-04-29T08:34:21Z",
            "datePublished": "2014-04-29T08:34:16Z",
            "description": "Etisalat has reached a financing agreement with several banks which will allow it to acquire a majority stake in Maroc Telecom.",
            "headline": "Etisalat attracts funding for Maroc Telecom bid",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/placeholder-logo_1200x900.png",
                    "caption": "",
                    "description": "",
                    "width": 1200,
                    "height": 900
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/telecom-investment-mergers\/5257-etisalat-attracts-funding-for-maroc-telecom-bid.html"
            },
            "publisher": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/telecom-investment-mergers\/5257-etisalat-attracts-funding-for-maroc-telecom-bid.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/www.developingtelecoms.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->