Telecom

Morocco: Maroc Telecom commits $1bln to improve telecom sector

Morocco: Maroc Telecom commits $1bln to improve telecom sector
Tuesday, 27 August 2019 20:08

Maroc Telecom announced on August 26 it has signed an investment deal with the government for MAD10 billion (about a billion dollars). Funds, disbursed by the incumbent operator, will be pumped into the development and strengthening of telecommunications infrastructure, broadband and very high speed (mobile and fixed) deployment across the country.

The investment, the sixth of its kind signed with the government, will run from 2019 to 2021. It aims to meet the growing demand of populations for quality connectivity and their desire to experiment with new technologies.

The company had already initiated similar programs that helped to gradually bring certain parts of the national territory out of the digital isolation. Over the past five years, Maroc Telecom raised more than 58 billion dirhams (about $6 billion). Added to the new disbursement, this makes a total of more than MAD68 billion ($7,121,212,736).

According to the latest statistics from the national telecoms regulator (ANRT), published in March 2019, Maroc Telecom was the leader in the national telecoms market with 43.8% of the shares and an annual growth rate of 2.37% in a market of 44.73 million subscribers.

On the same topic
• Ghana’s government will host a TikTok training on October 12 for 120 creators to improve engagement, reach, and monetization.• This is the first time...
• 27 million young people in Sub-Saharan Africa were unemployed in 2023, with 62 million classified as NEETs.• Funded African startups employed 34,201...
• AAAS Energy and ChillMine will build a green-powered data center campus in Botswana for AI and cloud services.• The project will reduce hosting costs,...
• Rwanda launched a CyberHub in Kigali to train 200 graduates annually, with at least 30% women, in cybersecurity and emerging technologies.• The project...

Most Read
01

• Côte d’Ivoire signs $156.8M farm deal with Italy’s BF Group• 10,000-hectare project aims to c...

Côte d’Ivoire Signs $156.8 Million Farm Deal With Italy’s BF Group to Cut Food Imports
02

Masiyiwa’s Cassava to invest $720m in 5 AI factories, bringing 15k GPUs for Africa’s data sov...

Africa’s Sovereign AI Play: Cassava Technologies and Zimbabwean Strive Masiyiwa $ 720 million Bets
03

• Safaricom’s M-PESA Fintech 2.0 upgrade lifts capacity to 6,000 transactions per second, scalable t...

Safaricom Unveils Fintech 2.0 Upgrade to Expand M-PESA’s Reach
04

The EU pledged €359.4m to build Côte d’Ivoire’s 400-kV Dorsale Est line, boosting capacity an...

Côte d’Ivoire: EU Commits €359.4 Million for Electricity Transmission Line Project
05

• Visa hosts compliance forum to strengthen Cameroon's financial system• Focus on AML, digital ID, a...

After West Africa, Visa Takes Its Campaign for Financial Compliance to Cameroon
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.