Inwi posts strong operational and financial year

Inwi, the mobile operator in Morocco that was launched in February 2010 as the country’s third player, has closed its first year of operation with five million customers, representing a 13.5 per cent market share.

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

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 prepaid 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 per cent to US$$468.7 million and EBITDA ended the year with a positive balance of US$56.3 million, 12 per cent of turnover, versus a negative EBITDA of US$40.8 million the previous year. To date Inwi has invested US$1.37 billion and has capital assets of US$822.8 million.

Bebord said: “Our goal of making mobile services available and affordable for all is paying dividends. Moroccans have embraced the Inwi brand because of our transparent and competitive pricing.

“We clearly communicate our tariffs. There are no ‘hidden extras’ or usage caps in our packages, and we have provided an innovative range of solutions for pre- and post-paid customers and businesses.”