The Moroccan government has initiated a privatization process by announcing that it will sell its 8% stake in Maroc Telecom and relinquishing its right to vote. The government announced that it will 6% of that stake this month as a block order to local institutional investors such as retirement funds, insurance companies and banks. The remaining 2% stake will be sold on the Casablanca stock exchange, where the company is already listed, said the Ministry of Finance.

Read more: Moroccan government to sell stake in Maroc Telecom

Telecom Egypt announced that it has signed a landing party agreement with Pakistan & East Africa Connecting Europe (PEACE) Cable International Network Co. and PCCW Global, the international operating division of HKT, Hong Kong’s premier telecom service provider. PEACE is a 12,000 km long cable system with landings in Pakistan, Djibouti, Egypt, Kenya and France that provides open, flexible and carrier-neutral services for its customers.

Read more: Telecom Egypt reinforces partnership with PEACE Cable International Network