Portugal Telecom announced the consortium, Medi Telecom, won the second Global System for Mobile communications license in Morocco.
The Medi Telecom consortium, led by Telefonica and including Portugal Telecom, the Moroccan groups Banque Marrocaine du Commerce Exterieur and Afriquia, offered $902 million for the license, said Portugal Telecom. Medi Telecom expects to install a GSM network within six months and hopes to cover 92 percent of the Moroccan population in five years.
