Court tells Maroc Telecom to pay $636 mln to Inwi in antitrust case
A Moroccan commercial court ordered market leader Maroc Telecom to pay compensation of 6.36 billion dirhams ($636 million) to its competitor Wana Corporate, better known by its brand name Inwi, for unfair competition practices. Shares of Maroc Telecom, the second-largest company on the Casablanca stock exchange by market capitalisation, fell 9.99% following the first instance verdict. Inwi, the third-largest telecom operator in the country, brought the case in 2021, accusing Maroc Telecom of abusing its dominant position in the market. No one from Maroc Telecom was immediately available to comment on the decision, including the chairman of its management board…