Wana company, which holds Inwi, said it withdrew a lawsuit it had brought in 2018 against Maroc Telecom after the latter was fined by the telecoms regulator. Al Mada holding, which owns most stakes in Wana company, urged the board of directors to abandon the case, Wana said in a statement. Wana dropped the case after Morocco’s regulator ordered Maroc telecom, the country’s leading operator, to pay 3.3 billion dirhams ($340 million) to the state due to its abuse of its dominant position in the market. Other sanction may be imposed on Maroc Telecom if it doesn’t comply, the regulator ANRT said. Maroc Telecom said in response it took note of the decision adding that it would challenge it.

Source: The North Africa Journal February 21, 2020 12:22 UTC