King Mohammed receives meditelecom officials
Morocco, Economics, 8/7/1999

King Mohammed VI, accompanied by Prince Moulay Rachid, received here on Friday officials from the Meditelecom group that won Morocco's second cellular phone license.

The firms forming the group were represented by Juan Villalonga, President and Managing Director of the Spanish Telefonica firm, Miguel A.L Horta Costa, President of the Portugal-Telecom International, Othmane Benjelloun, President of the Moroccan external trade Bank group, and Aziz Akhannouch, President of the Afriquia Group.

Morocco's second GSM mobile phone license was ceded to the Spanish-Portuguese-Moroccan consortium "Medi-telecoms" for $ 1.08 billion.

The late King had announced that part of the sum will finance job-generating projects. He had also explained that these projects will target, first of all, promotion of social housing, breaking the isolation of some areas, electrification, drinking water supply to the rural world, dams building, irrigation, development of the fishing sector and construction of highways.

Previous Stories:
  Morocco cuts special phone services tariffs   (8/4/1999)
  Moroccan government approves sale of 2nd GSM license to Medi-Telecom   (7/30/1999)
  Spanish-Moroccan-Potuguese consortium wins Morocco's second Gsm mobile phone licence   (7/5/1999)

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