VOL. XLII

No 45

8-November-1999

MOROCCO

Moroccos Year 2000 Privatization Drive

The privatization of Itisallat al-Maghreb (IAM), Moroccosnational fixed telephone and first mobile telephone provider, scheduled fornext year, is expected to be by far the largest divestment in Morocco since theprivatization program began in earnest in 1993. The sale of the company, forwhich Merrill Lynch is acting as advisor, is anticipated to begin early nextyear when, according to analysts based in Morocco, 50% of...