IFC To Invest In Moroccan Start-Up Cellular Phone Company
The International Finance Corporation announced on 16 October that it will invest450m ($396m) in Moroccos Médi Telecom (Méditel), a start-up cellular phone company that brings new access to customers and new competition to the countrys telecommunications sector. The IFC investment includes a senior loan of up to75mn ($66mn) and a subordinated loan of up to 25mn ($22mn), both for IFCs account, and a...
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