Stephane Richard, CEO of French telecoms provider Orange, has reportedly revealed that Moroccan telecoms operator Medi Telecom (Meditel) will be rebranded as Orange ‘on 8 or 9 December’.
The French group acquired the controlling stake (49% of Meditel) in July 2015, following the transfer of a combined 9% stake in the Moroccan operator from state-controlled financial institution Caisse de Depots et de Gestion (CDG) and local investment firm FinanceCom, in line with a shareholder agreement signed back in December 2010.