Inwi Grabs Market Share in Morocco

CASABLANCA -- Inwi, launched in February 2010 as the third Moroccan GSM mobile telecommunications operator, has closed its first year of operation with 5 million customers giving it a 13.5 percent market share.

The Wana subsidiary also announced that it has strengthened its leading position in fixed line services with a 66.72 percent market share, and in 3G Internet provision with a market share of 40.68 percent.

Frédéric Bebord, director general, commented: “Our strategy of offering innovative customer 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, has made mobile telecommunications services affordable for all. We have debunked the myth that mobile services are too expensive.”

Inwi also announced that in the 2010 fiscal year turnover rose 38 percent to USD $468.7 million and EBITDA ended the year with a positive balance of USD $56.3 million, 12 percent of turnover, versus a negative EBITDA of USD $40.8 million the previous year. To date Inwi has invested USD $1.37 billion and has capital assets of USD $822.8 million.

Inwi