More Africa NewsMorocco: Orange announces an investment of 575.6 million USD over the next three years

June 1, 2022by myles0

The demand for high-speed connectivity is accelerating in Africa as is the digital transformation. Telecom operators are increasing their investments to respond effectively to demand and take advantage of the opportunities offered by a growing Internet market.

The telecommunications operator Orange Maroc will invest 5.69 billion dirhams (575.6 million USD) in the Cherifian kingdom over the next three years. To this end, the company has signed its 8th investment agreement with the government. According to her, the objective of this investment is to continue to support the digitalization of economic actors in the different regions of the kingdom, while promoting the creation of new jobs. 

Under this agreement, Orange will continue to develop and strengthen its telecommunications infrastructure. The company plans to accelerate the deployment of 4G and 5G networks as well as the construction of its FTTH (Fiber to the Home) infrastructure. In a statement, the group said that these investments will allow it ”  to maintain its efforts to digitize and automate processes, to develop new products and services  ”. 

This new agreement signed between Orange and the Moroccan government is part of the very high speed development strategy in Morocco. It aims to bring high-speed connectivity to all sections of the population as digital transformation accelerates. Earlier this month, the company announced a planned investment of 35 billion dirhams for the period 2021-2025. These various investments come on top of the 105 billion dirhams invested by the operator since the start of its activity in Morocco in 1999 under the name of Medi Telecom. 

With this 8th convention, Orange Morocco demonstrates its permanent commitment to developing the kingdom’s telecommunications networks, with the aim of responding to the continuous growth of traffic and continuing to offer a high-quality customer experience ”, specifies the operator. . This new investment should allow the company to strengthen its achievements in the Moroccan telecom market, in which it controls 33.5% of the shares compared to 38.46% for Maroc Telecom and 27.99% for Inwi.

Source: Agence Ecofin

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