The Abu Dhabi-based telecom giant on July 22 made a binding offer to buy Vivendi's stake in the Moroccan operator, valuing each of Maroc Telecom's shares at 92.6 dirhams ($11.2).
The offer put the value of Vivendi's stake at 3.9 billion euros ($5.27 billion), according to Etisalat, and granted it a period of exclusivity for the acquisition until September 25.
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Vivendi said in July that if approved, the sale to the Emirates Telecommunications Corp would bring in a total 4.2 billion euros ($5.67 billion) in cash, including 310 million euros dividends for 2012.
The signing and closing of the transaction would be subject to a number of conditions, Etisalat said.
The companies intend to close the transaction before the end of the year.
The sale is thought to be part of a bigger strategy by Vivendi to sell off its telecom holdings to better focus on media activities, dominated by its Universal Music unit, the world's biggest music group.