VOL. XLII

No 41

11-October-1999

MOROCCO

Telefonica To Invest $235Mn Over 4 Years In Morocco

Telefonica announced on 30 September that its Moroccansubsidiary Medi Telecom will invest $235mn over the next four years creating1,100 new jobs directly and a further 10,000 indirectly. Preparation for workon the units mobile line network is due to commence this month and to comeinto operation in April 2000. Other partners in Medi Telecom which was issueda 15-year mobile phone license last June include...