Moov pays off first chunk of licence renewal fee

27 Jan 2016

Maroc Telecom-backed Moov Cote d’Ivoire has paid off 50% of its XOF100 billion (USD164.0 million) licence renewal ahead of schedule, Reuters reports. According to the news agency Abdeslam Ahizoune, Maroc Telecom’s chairman and CEO, met with Ivoirian president Alassane Ouattara earlier this week, reaffirming that the licence renewal paves the way for Maroc Telecom to invest in the deployment of 3G and 4G technology in the country.

According to TeleGeography’s GlobalComms Database, Moov has a full ten years left on its existing 20-year licence, having entered the market in July 2006, but has seemingly opted to renew its concession alongside incumbent operators MTN and Orange – both of which will see their original licences expire in 2016.

In November 2015 it was revealed that the Regulatory Authority for Telecommunications in Cote d’Ivoire (Autorite de Regulation des Telecommunications de CI, ARTCI) had opted to increase the required licence fee by XOF60 billion to XOF100 billion, while also opting to cut the duration of the concessions, by five years to 15.