UAE telecom Etisalat completes $5.7B Morocco deal

Published May 14, 2014 1:06pm ET



DUBAI, United Arab Emirates (AP) — United Arab Emirates telecommunications firm Etisalat said Wednesday it has completed a deal to buy French entertainment company Vivendi’s majority stake in Morocco’s Maroc Telecom.

Etisalat said it paid 4.14 billion euros ($5.68 billion) for the 53 percent stake, completing a deal announced in November.

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