Morocco: Maroc Telecom signs USD1bn investment agreement with government

Maroc Telecom has signed its sixth investment agreement with the Moroccan government for the development of telecommunications in the Kingdom, it announced on its group website. Under the agreement, the full-service telco committed to an investment programme of MAD10 billion (USD1.03 billion) over the three-year period 2019-2021, focusing on developing and strengthening infrastructure, deployment of mobile/fixed high speed broadband services and the creation of new jobs. Maroc Telecom invested more than MAD58 billion over the previous five investment agreement periods.

Source: TeleGeography