Maroc Telecom to Invest About EUR895 Million in Broadband Network
16 Januar 2013 - 8:15PM
Dow Jones News
Maroc Telecom (IAM.CL) Wednesday said it will invest 10 billion
Moroccan dirhams (EUR895 million) to upgrade the country's
broadband network, the company said in a filing to the French stock
market regulator.
MAIN FACTS:
- The company, which is 53% owned by French conglomerate Vivendi
SA (VIV.FR) and 30% owned by the Moroccan government, will invest
the amount between 2013 and 2015.
- The company will also invest 4 billion dirhams in other
African countries where it operates such as Mauritania, Burkina
Faso, Gabon and Mali over the same period.
- Maroc Telecom had already invested 25 billion dirhams in
Morocco.
-Write to Inti Landauro at inti.landauro@dowjones.com
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