https://www.engineeringnews.co.za
Infrastructure|Infrastructure
Infrastructure|Infrastructure
infrastructure|infrastructure

Maroc Telecom signs $1bn investment deal with Moroccan government

26th August 2019

By: Reuters

  

Font size: - +

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.

Edited by Reuters

Comments

 

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.269 0.321s - 139pq - 2rq
Subscribe Now