Maroc Telecom acquires 4G licence in Burkina Faso for USD69mn
Onatel-SA (National Telecommunications Office), Maroc Telecom’s (IAM) [IAM.CS] subsidiary in Burkina Faso, signed a CFA40bn (USD69mn) financing agreement with a local bank to acquire a telecom licence that will enable it to offer 4G services to its 7.8mn subscribers. IAM is a subsidiary of Etisalat Group [ETEL.AD].
Etisalat (AD): AED16.90 as of 20 Mar. 2019, Rating: Neutral, TP: AED18.10/share, MCap: USD40,048mn, ETISALAT UH/ETEL.AD
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