Kuwait-based Zain would like to boost its 15.5% stake in Moroccan operator Inwi, its CEO said in a Q&A session with TelecomFinance.
Scott Gegenheimer described Morocco as a very promising market “as evidenced by the recent acquisition of Maroc Telecom…
Kuwait-based Zain would like to boost its 15.5% stake in Moroccan operator Inwi, its CEO said in a Q&A session with TelecomFinance.
Scott Gegenheimer described Morocco as a very promising market “as evidenced by the recent acquisition of Maroc Telecom by Etisalat”.
The Zain CEO noted that Inwi was doing well and had a share of nearly 29% in the GSM market.
“We are definitely interested in any opportunity to increase our stake there,” he said.
He also hopes that by having a strong foothold in the country, and potentially in the region, the telco would be able to extract synergies with the rest of the group from neighbouring countries in North Africa.
Zain sold most of its African operations in 2010 to India’s Bharti Airtel in a US$10.7bn deal.
The full interview is available in TelecomFinance 223/May 2014 magazine to be published tomorrow.
