Maroc Telecom signs $1bn investment deal with Moroccan government
Maroc Telecom, Morocco's largest telecoms operator, said on Monday it had signed a deal worth ten-billion dirhams ($1-billion) with the Moroccan government to develop telecoms infrastructure over the next three years.
The deal, covering high-speed mobile broadband in addition to fixed lines, is the sixth of its kind between the company and the government, brings the company's total investments to 68-billion dirhams, Maroc Telecom said in a statement.
Maroc Telecom, listed on the Casablanca Stock Exchange and Euronext in Paris, is 53% controlled by the United Arab Emirates telecoms group Etisalat.
The Moroccan government owns 22% after it recently sold an 8% stake in the company in a privatisation push to curb the country's budget deficit.
Maroc Telecom operates subsidiaries in Benin, Burkina Faso, Côte d'Ivoire, Gabon, Mali, Mauritania, Niger, Togo and the Central African Republic.
The group's customer base grew 3.9% by June 2019 to 63-million users, including 19.3-million in Morocco.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation