Maroc Telecom looks to cut costs
MOROCCO| July 13, 2012, 8:06 a.m.
Maroc Telecom, part of troubled Vivendi Group, is looking to cut costs and improve margins through a voluntary redundancy programme.
The telco is reported to be seeking to cut around 11% of its workforce – or up to 2000 jobs – in line with its parent company’s attempts to streamline operations and boost flagging profits.
Recently, the Chairman and Chief Executive of Vivendi, Jean-Bernard Lévy, stepped down after a disagreement with the company’s board.
Another telecoms subsidiary, France’s SFR, said it planned to cut costs by USD552 million this year and another USD500 million next year.
MORE MOROCCO NEWS
Orange increases interest in the Moroccan operator Méditel with the acquisition of an additional 9%Fipar-Holding (the Moroccan Caisse de Dépôt et de Gestion group), FinanceCom and Orange signed the final documentation increasing Orange's interest in Méditel, the Moroccan telecommunications operator, in application of the agreements they signed in December 2010. Read More
INWI Taps Aptilo Networks and Smartcom for carrier Wi-FiINWI, the third largest telecommunications operator in Morocco, says it has selected Aptilo Networks and Smartcom for a major upgrade to “Wifi7dak,” INWI’s public Wi-Fi service. Read More
AfDB grants €176 million for next phase of Africa's largest solar power stationThe Board of Directors of the African Development Bank Group has approved one loan of €100 million and another of US $119 million for phase II of the Ouarzazate solar complex project (the NOORo II and NOORo III power stations). Read More
Microsoft drives local innovation in North AfricaAt this year’s Global Entrepreneurship Summit (GES) in Morocco, Microsoft has signed a new strategic alliance with Tunisian startup Saphon Energy and introduced the first round of 50 women entrepreneurs to go through its Cloud Startup Academy. Read More
Morocco to host fifth annual Global Entrepreneurship SummitOver 3000 entrepreneurs, Heads of state, government officials, global entrepreneurs, SMEs and corporate leaders are expected to attend the fifth annual Global Entrepreneurship Summit in Marrakech. Read More
Ministerial Forum on Science, Technology and Innovation in Africa underwayThe Second Ministerial Forum on Science, Technology and Innovation (STI) in Africa is underway at the Hassan II Academy of Science and Technology in Rabat, Morocco, to discuss boosting science and technology in Africa. Read More
averda looks to clean more cities in Africaaverda, a global provider of innovative integrated waste management services, has showcased its new equipment dedicated to serve Casablanca. Read More
Microsoft, AFEM and INWI launch Cloud Startup AcademyThrough a new Cloud Startup Academy, Microsoft, AFEM and INWI will help 50 young Moroccan women create their own Cloud-based startups. Read More
IBM fuels innovation and entrepreneurship in AfricaIBM is further expanding its operations across Africa with the opening of two new IBM Innovation Centers in Lagos, Nigeria and Casablanca, Morocco. Read More
IDC: Moroccan ICT market driven by banking, telecoms, infrastructureThe Moroccan IT services market is set to expand at a compound annual growth rate (CAGR) of 10.3% over the coming years to total $472.37 million in 2017, says IDC. Read More
FEATURED STORYViber Spreads Good Vibes in Africa with the introduction of public chats
Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its latest social channel ‘Public Chats’ to partners in Africa and the Middle East.
BEST READ NEWS
IN DEPTHPoised for greater heights – Roshi Motman, AfricaCom CEO of the Year Winner
Roshi Motman is not your average CEO. Since taking up the reins as the first female CEO of Tigo Ghana in 2014, she has led the Tigo brand through a remarkable transformation.
COMPANY NEWSDStv Eutelsat Star Awards winners named
Students from Ghana and Zimbabwe have scooped top honours at 5th edition of DStv Eutelsat Star Awards organised by MultiChoice Africa and Eutelsat.Arbor Networks maintains leadership in IHS Infonetics Report on DDoS prevention appliances
Arbor Networks was identified once again as the top supplier of DDoS mitigation appliances overall, as well as in the Carrier, Enterprise and Mobile market segments, according ...