The government of Morocco has agreed to invest MAD10 billion ($1 billion) into market leader Maroc Telecom across the next three years.
The investment will be used to strengthen Maroc Telecom’s infrastructure, with the operator noting that it would planned to deploy high speed fixed and mobile broadband across Morocco between now and 2021.
Maroc Telecom is majority owned by Etisalat, and has invested MAD58 billion in its network over the past few years. The operator claimed that its 4G service was accessible to 97% of the country’s population at the end of 2018.
In a statement, the operator noted: “Maroc Telecom continuously ensures the development of its telecommunications networks, in order to meet the continuous growth of traffic as well as the need to deploy new access technologies for ultra-fast broadband.”
Maroc Telecom competes against second-placed Orange Maroc and Inwi. It also holds controlling stakes in networks across other African markets, including Central African Republic, Gabon, Ivory Coast and Mali. Additionally, in June the operator acquired Millicom’s Tigo Chad unit.