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27 July 2015
Orange has acquired an additional 9% in Moroccan operator Méditel, raising its total stake in the company to 49%.
build on an agreement established in December 2010 between the
French operator and Fipar-Holding (the Moroccan Caisse de
Dépôt et de Gestion group) and
It will see
the Méditel board become comprised of five Orange
members and four members appointed by the Moroccan
shareholders. The company will also become fully consolidated
in the financial statements of the Orange group.
Méditel offers both fixed and mobile services, operating
a fibre network of over 5,400km. This year, it is completing a
network upgrade that aims to extend 3G coverage to 95% of the