News Agencies Feed :

    Morocco's Inwi sues Maroc Telecom for unfair competition

    24 Mar 2018

    Moroccan telecoms company Inwi is suing market leader Maroc Telecom for more than 5.7 billion dirhams ($620 million) over alleged unfair competition, an Inwi official and a lawyer for the firm said on Thursday.

    The lawyer, Abdelatif Wahebi, said the suit had been filed because “Maroc Telecom holds 60 percent of the market and the law says companies should hold no more than 40 percent”.

    No one from Maroc Telecom was immediately available for comment.

    Inwi is the third largest telecoms operator in Morocco. It is owned by a holding company controlled by the Moroccan royal family and Kuwait’s Zain, which has a 31 stake.

    Maroc Telecom, the North African country’s largest telecoms operator, is controlled by the United Arab Emirates’ Etisalat Group.

    According to the most recent figures from Moroccan telecoms regulator ANRT, dating to December 2017, Maroc Telecom held 42.1 percent of the mobile market against 23 percent for Inwi.

    Maroc Telecom held 84 percent of the fixed line telephone market against 12.6 percent for Inwi, and nearly 48.9 percent of the internet market against Inwi’s 23.5 percent share.

    reuters

    Stock Market

    Index

    Value

    Change

    Open

    MADEX

    10 515,61

    -0,15 %

    10 531,73

    MASI

    12 945,33

    -0,14 %

    12 963,53

    FTSE CSE

    11 819,05

    -0,17 %

    11 839,27

    Contact US | Powered by CNPHUB.com - All Rights Reserved