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Sources Report Orange To Sell Maritius Telecom Stake; Not A Spread Mover.

COMMUNICATIONS


  • BBG sources report that Orange is considering selling its 40% stake in Mauritius Telecom; no formal engagement with Mauritius Telecom's board yet. Source reports a decision could be made in November. Mauritius Telecom itself has the first right of refusal on any sale of the stake.
  • Not a spread mover given size of the operation (FY23 revenue roughly equivalent to EUR 250mn vs. EUR 43bn for Orange).

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