Maroc Telecom
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UAE-based Etisalat has increased its stake in Maroc Telecom from 48.4% to 53%, according to a regulatory filing it posted on Tuesday.
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Maroc Telecom has been fined 3.3 billion dirhams ($344 million) by regulator l’Agence Nationale de Réglementation des Télécommunications (ANRT).
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Maroc Telecom is to invest more than $1 billion in expanding high-speed fixed and mobile broadband.
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Maroc Telecom, Morocco’s biggest telecoms operator, has confirmed that the government would sell up to 8% of its stake in the company.