Court tells Maroc Telecom to pay $636 mln to Inwi in antitrust case

RABAT: A Moroccan commercial court on Monday ordered market leader Maroc Telecom to pay compensation of 6.36 billion dirhams ($636 million) to its competitor Wana Corporate, better known by its brand name Inwi, for unfair competition practices.

Shares of Maroc Telecom, the second-largest company on the Casablanca stock exchange by market capitalisation, fell 9.99% following the first instance verdict.

Inwi, the third-largest telecom operator in the country, brought the case in 2021, accusing Maroc Telecom of abusing its dominant position in the market.