Meditel to invest MAD3.2bn in network upgrades in 2016

6 Apr 2016

Moroccan telecoms provider Meditel, backed by French giant Orange, reportedly borrowed MAD3.2 billion (USD332 million) in December 2015, with plans to invest the sum in its fibre-optic network in order to provide services to the corporate segment, challenge.ma reports. Meditel’s CEO Michel Paulin disclosed that while the corporate segment represents a significant financial growth driver for the company, its market share is ‘still not to our taste’. Further, the executive said that the operator deployed 5,000km of fibre and installed loops in ten cities across the country in 2015, on the back of MAD1.5 billion CAPEX in the year.

Morocco,Orange Morocco (Meditel),

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