Inwi achieves 5 mn mobile subscribers in a year
Telco shows growth in fixed line as well as 3G internet services
Moroccan mobile operator Inwi, a subsidiary of Wana, has seen its mobile subscribers reach 5 million customers in its first year of operations ended this February. The telco's mobile market share has covered 13.5% in the country as of December last year, said a company release.
The Wana subsidiary also said that it has seen growth in its fixed line services reaching 66.72% market share, and in 3G internet services with a market share of 40.68%.
Frédéric Bebord, director general of Inwi, said that the telco's strategy in offering packages such as a 24/7 flat rate tariff for all customers, free on-net calls for post-paid customers, and pre-paid per second billing, have made mobile services affordable for everyone.
"We clearly communicate our tariffs. There are no ‘hidden extras' or usage caps in our packages, and we have provided a wide range of solutions for pre- and post-paid customers and businesses," he added.
Inwi's turnover rose by 38% to reach $468.7 million for the fiscal year 2010. To date, Inwi has invested $1.37 billion in the market, and has capital assets of $822.8 million.
Inwi launched its operations in the country in February 2010. Inwi's parent company Wana is controlled by the Moroccan conglomerate ONA, with Zain Kuwait holding a 30% stake.
The other two telcos operating in the Moroccan market are Maroc Telecom and Meditel.