Orange Group has revealed that its Moroccan unit Medi Telecom (Meditel) has adopted the Orange brand, following the rebranding of the group’s Belgian and Egyptian subsidiaries earlier this year. The French group acquired the controlling stake (49% of Meditel) in July 2015, following the transfer of a combined 9% stake in the Moroccan operator from state-controlled financial institution Caisse de Depots et de Gestion (CDG) and local investment firm FinanceCom, in line with a shareholder agreement signed back in December 2010.
Meditel owns and operates over 5,400km of optical fibre and more than 4,000 base transceiver stations (BTS) throughout Morocco. The company’s 2G/3G networks provide coverage for 99% of the country’s population, while 4G services – which were first launched in June 2015 – are available to 42% of the population.