Only one year into their service and Moroccan mobile operator Inwi, a subsidiary of Wana Corporate, has seen massive growth in the country. In a press statement on Thursday, the company reported it now has five million subscribers through February.
The company launched in Morocco in early 2010.
According to Wana, it now has 13.5 percent of the country’s market share, as of December.
“Inwi also strengthened its position in 3G Internet access and fixed telephone lines,” the company said. According to their statistics, it has garnered nearly 41 percent of the 3G network and 67 percent of the landline market in Morocco.
In the statement, CEO Frederic Bebord said he was confident “the operator is viable and making the right strategic choices.”
The operator has invested over MAD 11 billion to date and has budgeted for another MAD 1.1 billion for 2011. Inwi is the first operator to have applied a flat rate for calls to all networks on prepaid and to have introduced unlimited call plans for postpaid customers.
“It also targets business clients, offering unmetered mobile fleet calls. Wana Corporate, formely ISP Wanadoo Morocco, launched the Inwi brand in February 2010,” the statement read.
By Jonathan Terry