France Telecom is reported to be in talks over the acquisition of a 40 percent stake in Meditel, the second biggest telecoms firm in Morocco, after Telefonica and Portugal Telecom sold their holdings in the company during 2009. According to reports originating from local business newspaper Actuel, discussions are at an advanced stage, with a price tag of EUR650 million suggested for the stake, which is being sold by two local investment firms.
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