Meditel To Invest US$577mn In Operations

July 2008 | Company Finance Alert

Morocco's second-ranked mobile operator Meditel plans to invest MAD4.2bn (US$577mn) over the next two years to drive growth of its market share. At the end of 2007, Meditel had a subscriber base of 6.7mn, significantly behind Maroc Telecom, with a 13.3mn customer base and market share of 66.5%. Mobile penetration rates stood at 62% in 2007, indicating a mature market, despite the presence of just two operators.

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