Share Name | Share Symbol | Market | Type |
---|---|---|---|
Maroc Telecom | EU:IAM | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 5.33% | 7.90 | 7.50 | 10.20 | 8.10 | 7.50 | 7.70 | 14,681 | 16:40:00 |
Maroc Telecom (IAM.CL) Wednesday said it will invest 10 billion Moroccan dirhams (EUR895 million) to upgrade the country's broadband network, the company said in a filing to the French stock market regulator.
MAIN FACTS:
- The company, which is 53% owned by French conglomerate Vivendi SA (VIV.FR) and 30% owned by the Moroccan government, will invest the amount between 2013 and 2015.
- The company will also invest 4 billion dirhams in other African countries where it operates such as Mauritania, Burkina Faso, Gabon and Mali over the same period.
- Maroc Telecom had already invested 25 billion dirhams in Morocco.
-Write to Inti Landauro at inti.landauro@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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