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Home > Morocco > Maroc Telecom sign investment agreement worth 10 bln dirhams

Maroc Telecom sign investment agreement worth 10 bln dirhams

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Jan, 17, 2013
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Maroc Telecom sign investment agreement worth 10 bln dirhams

Maroc Telecom sign investment agreement worth 10 bln dirhams

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Rabat, January 17, 2013 (MAP)
The government and telecommunication company “Maroc Telecom” signed, on Wednesday in Rabat, a fourth investment agreement worth 10 billion dirhams for the 2013-2015 period during a ceremony chaired by head of government Abdelilah Benkirane.
The agreement was signed by ministers of Economy Nizar Baraka, and of trade and new technologies Abdelkader Amara, and CEO of Maroc Telecom Abdeslam Ahizoune.This fourth investment program, which will generate 500 stable jobs, seeks to replace all mobile equipment and provide it with digital technology for high-speed Internet. It concerns also the extension of optical fiber to users and provide an output of up to 100 megabits per second, Maroc Telecom CEO told the press following the signing ceremony.

This is a full renewal of existing technologies that would lead to additional users, bigger capacity and higher-speed Internet for the benefit of the information and new digital technologies society, he added.

Amara said the government seeks through this agreement to reinforce basic telecommunication infrastructure and develop a number of services linked to e-administration.

For his part, Benkirane hailed the telecom company’s confidence and contribution to the national economy, reaffirming the government’s determination to support its investment activities.

Tags: Maroc Telecom sign investment agreement worth 10 bln dirhamsMoroccan newsMorocco newsNews about Morocco
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