[fm]: Maroc Telecom wins operating licence in Ivory Coast

Maroc Telecom has won a telecoms licence in Ivory Coast and has paid a first instalment of 50 billion CFA francs ($82.54 million), Ivory Coast's presidency said in a statement without announcing the total fee.


The announcement made late on Monday followed a meeting between Ivorian President Alassane Ouattara and the Moroccan company's Chairman and CEO Abdeslam Ahizoune in the West African nation's commercial capital Abidjan.


The statement said that the licence would open the way for Maroc Telecom to invest in 3G and 4G technology as well as Ivory Coast's expanding fibre-optic network.


Ivory Coast's mobile telecoms market has nearly 22 million mobile customer subscriptions and is dominated by France's Orange and South Africa's MTN.

By: Reuters. 

Review: Emerging Market Formulations & Research Unit, Flagship Records.
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