(MENAFN- Qatar News Agency) Abu Dhabi May 05 - Emirates Telecommunications Corporation (Etisalat) have signed a Share Purchase Agreement for the sale of Etisalat's shareholdings in its operations in Benin the Central African Republic Gabon the Ivory Coast Niger and Togo to Atlantique Telecom SA Etisalat International Benin Limited Itissalat Al Maghrib and Maroc Telecom.
These operations provide both mobile voice and data services and operate under the Moov brand. The Share Purchase Agreement also includes Prestige Telecom established in the Ivory Coast which provides IT services to the operations of Etisalat in these countries Emirates News Agency (WAM) reported.
The total consideration in return for Etisalat's equity in and receivables from these seven companies amounts to USD 650 million.
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