Saturday, October 5

Morocco Has No Current Plans to Sell Maroc Telecom Stake

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Telecompaper

The government of Morocco is not planning to sell its remaining 30 percent stake in Maroc Telecom, saying it has not yet made a decision about other potential privatisations, Reuters reported, citing Minister of Finance Mohammed Boussaid.

According to the minister, the government has a 30 percent stake now, and that it is not at this moment on the table for selling.

Asked about the potential privatisations of other companies, Boussaid said no decisions have been made yet. In 2016, Morocco sold a 40 percent stake in state-owned port operator Marsa Maroc through an initial public offering. Morocco has undertaken a series of reforms in recent years.

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