Zain not to sell stake in Morocco’s telecoms venture

www.WirelessFederation.com/news: The 31% stake in Zain’s Morocco’s telecoms venture Wana, will be kept by the company which it bought for $324 million last March. The purchase was made less than a month after Wana won the concession to operate the North African country’s third wireless phone network.

Wana will launch its mobile phone operation next Tuesday under the trade name Inwi and currently offers limited-range mobile, fixed-line and Internet services.

According to Wana’s Managing Director Frederic Debord, Inwi’s mobile network capacity is ready to receive two million clients from the first day of the beginning of its operation and noted that there is a huge potential growth in the mobile phone market in Morocco where more than 80 percent of the population owns a mobile phone.