9 Mar 2015
Maroc Telecom, the country’s incumbent telco by subscribers, is reportedly planning to invest MAD1.6 billion (USD162.49 million) in its newly acquired West African operations over the next five years, after securing an ‘interest-free four-year loan’, Agence Ecofin reports. The operator will focus on improving the units’ Quality of Service (QoS), while also stepping up the deployment of fixed and mobile broadband networks in Benin, Central African Republic, Gabon, Cote d’Ivoire, Niger and Togo.
As previously reported by CommsUpdate, in January 2015 Maroc Telecom completed the acquisition of Atlantique Telecom, which has mobile operations in Benin, Central African Republic, Gabon, Cote d’Ivoire, Niger and Togo, alongside Cote d’Ivoire-based IT service provider Prestige Telecom from United Arab Emirates (UAE)-based telecoms company Emirates Telecommunications Corporation (Etisalat) for a final consideration of EUR474 million (USD532.3 million). The sale agreement was conditional on Etisalat completing a prior-agreed deal to buy French media group Vivendi’s 53% stake in Maroc Telecom, and securing regulatory approvals in the aforementioned six countries.