Thursday 14 February 2008

Maroc Telecom

Moroccan branch of Maroc Telecom launched third-generation mobile phone services in the northwestern African country's main towns and cities in January, the company said.
Clients using phones with HSDPA (high-speed download packet access) will be able to use all modern facilities, the company said in a announcement.
Ex-monopoly Maroc Telecom and its competitors Meditel and Maroc Connect received licenses in 2006 to operate 3G services, paying 360 million dirhams ($46.89 million) each.
French media group Vivendi raised its stake in Morocco's biggest phone company to 53 percent from 51 percent in October.
Maroc Telecom has faced competition since the start of the decade but maintained a dominant market share through an extensive mobile network and cut-price airtime deals. It is now expanding across continent.
Morocco's telecoms and ITmarket rose to 35 billion dirhams ($4.56 billion) in 2006 compared to 10 billion dirhams in 1998, according to telecoms regulator ANRT.
Marocco Telecom shares rose 0.3 percent to 165 dirhams in Casablanca on Wednesday, mirroring a 0.29 percent gain by the benchmark MASI index .MASI.

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