Maroc Telecom signs $1 billion investment deal with Moroccan government

RABAT: Maroc Telecom, Morocco’s largest telecoms operator, said on Monday it had signed a deal worth 10 billion dirhams ($1 billion) with the Moroccan government to develop telecoms infrastructure over the next three years.

The deal, covering high-speed mobile broadband in addition to fixed lines, is the sixth of its kind between the company and the government, brings the company’s total investments to 68 billion dirhams, Maroc Telecom said in a statement.

Maroc Telecom, listed on the Casablanca Stock Exchange and Euronext in Paris, is 53% controlled by the United Arab Emirates telecoms group Etisalat.