MOROCCO GETS PRIVATISATION ROLLING

MOROCCO has put a 35% stake in state-run Maroc Telecom (MT) up for sale in its largest privatisation operation to date in a bid to speed up the liberalisation of the telecommunications industry The government plans to keep a 51% stake in MT and will float the remaining 14% on local and foreign stock markets. Bidders must be established fixed telephone network and mobile phone network operators with capital of more than $1bn or a stock market capitalisation higher than $10bn. – Reuters