Moroccan telecoms operator Medi Telecom (Meditel), a 49%-owned subsidiary of French telco Orange, is planning to invest MAD7 billion (USD700 million) in its network over the next five years, according to marketing director Jerome Ferrari. Agence Ecofin reports that the investment will include the transition of 2G to 3G and from 3G to 4G, in addition to the development of comprehensive mobile, ADSL and fibre services. The executive added that the investment will be funded by Moroccan banks.
Meanwhile, rival Inwi pledged to plough MAD10 billion into its network by 2021, h24info.ma writes. The commitment will be used to ‘democratise’ access to telecoms services.