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Maroc Telecom announces USD 200 mln African investment plan

Monday 9 March 2015 | 08:54 CET | News
Maroc Telecom plans to invest MAD 1.6 billion (USD 200 million) over 5 years in the sub-Saharan African mobile operators it recently bought out from Etisalat for USD 650 million. The funds will come from an interest-free, 4-year loan, Agence Ecofin reports. Maroc Telecom's existing subsidiaries in Mali, Mauritania, Burkina Faso and Gabon, and contributed 30 percent of group revenue in 2014. The acquisitions in Benin, Togo, Cote d'Ivoire, Niger and the Central African Republic, and the higher stake in Gabon Telecom, will help boost Maroc Telecom's international revenue to around half of group

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Categories: General / Mobile & Wireless
Companies: Etisalat / Gabon Telecom / Maroc Telecom
Countries: Africa
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