9 hours ago
Maroc Telecom, Inwi Announce MAD 4.4 Billion Investment to Boost Home Fiber, 5G Deployment
Rabat – Maroc Telecom and Inwi announced joint ventures under Uni Fiber and Uni Tower to accelerate the deployment of fiber-to-the-home, also known as FTTH, and 5G networks across Morocco.
The planned investment for the project is set at MAD 4.4 billion ($486 million) for the initial three-year phase.
A joint statement today said the establishment of the joint ventures comes as part of an agreement between Maroc Telecom and Wana Corporate in March.
Morocco's National Telecommunications Regulatory Agency authorized the joint ventures on June 18.
The statement emphasized that the joint ventures seek to expand access to high-speed internet, with Uni Fiber, deploying the passive infrastructure required to provide fiber to the home services, with a target of one million connections within two years and three million within five years.
As for Uni Tower, it is expected to build new towers or refurbish existing ones, with a target of 2,000 towers in three years and 6,000 towers within 10 years.
The statement conveyed the two companies' pledges in offering 'open, transparent, and non-discriminatory access to their infrastructure to all duly authorized operators, in full compliance with the applicable regulations.'
Both companies concluded their statements by expressing thanks to the authority and stakeholders for their support.
They also reaffirmed their commitment to actively contributing to the technological and economic development of Morocco.
