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IAM Maroc Telecom

7.90
0.40 (5.33%)
28 Mar 2025 - Closed
Delayed by 15 minutes
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 to Invest About EUR895 Million in Broadband Network

16/01/2013 7:15pm

Dow Jones News


Maroc Telecom (EU:IAM)
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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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