[bloomberg] Maroc Telecom has completed the final payment for a 51 percent stake in Gabon Telecom SA, which it bought from the state in 2007, Gabon’s Ministry of Post and Telecommunications said.
Maroc Telecom, which is controlled by Paris-based Vivendi SA, has paid the last 34 million euros ($45 million), the ministry said in a statement today.
Gabon Telecom had 36,000 fixed-line subscribers in the first half of 2010, unchanged from the year before. The remaining 49 percent of the company belongs to the state.
Maroc Telecom Completes Purchase of Gabon Telecom, Ministry Says