Monday, March 2, 2009

Maroc Telecom Wins Mali's Sotelma Bid

Maroc Telecom has agreed to acquire 51 percent of the Mali national operator Sotelma from the local government. The Mali government declared the Moroccan operator the provisional winner of the auction, reports news agency APA, citing a statement from Maroc Telecom.

Maroc Telecom reportedly offered EUR 252 million for the controlling stake in Sotelmea, beating offers from Sudatel and Portugal Telecom. The Mali government will maintain a 20 percent stake in Sotelma. 

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