France Télécom has bought a 40 per cent stake in Méditel, Morocco’s second-largest mobile operator, for €640 million, marking the first step in its strategy to boost its presence in African markets.
Méditel (Médi Télécom) is the second biggest global telecoms operator in Morocco, with licences for fixed, mobile and 3G telephony. It has been active in the telecoms sector since 1999.