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Sun, 08 Nov 2009 | 09:37 GMT

Maroc Télécom   (IAM.CSE)
Also known as: IAM, Itissalat Al Maghrib
Last Trade
144.40 MAD
0.00%
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: May 12, 2009
 
Joint Stock
 
 
Provides fixed and mobile telecommunication services; internet services; holds companies involved in providing fixed and mobile telecommunication services; internet services.
Office National des Postes et Télécommunications until February 1998
1984
11,093 Company, 13,320 Group (As of Apr 24, 2009)
El Manzil
Fidélio Jawal
Menara
 
Mobisud
Solutions Enterprises
 
 
 
Morocco (4)
 
 
Agadir
Casablanca
Fès
 
Marrakech
Oujda
Rabat
 
Settat
Tanger
 
 
Morocco (277)
 
 
 
 
IAM 
Ordinary 
MAD 
Euronext
 
 Key Officers
Abdulsalam Ahizoune
Chairman and President
Arnaud Castille
Director and Managing Director, Finance and Administration
 
 Contact Details
Address:
Maroc Telecom Building
Avenue Annakhil
Hay Ryad
Rabat 10000
Morocco
 
+212 537-712626
+212 537-716666
 
+212 537-714860
 
webmasters@iam.ma
 
www.iam.ma
 
www.elmanzil.ma
www.vivendiuniversal.com
www.onatel.bf
www.menara.ma
www.mobisud.fr
www.medi1sat.ma
www.mauritel.mr
www.menara.ma
www.casanet.ma
www.telmob.net
www.mobisud.be

 
  Latest Headline
Telecom firms face new challenge from IPTV service - Gulf News
 
  IPO Details
Listing Date:
13Dec04
Size of Offering:
$1,050.08M
Equity Offering:
14.90%
Lead
Managers:
Attijari Finances Corporation, BNP Paribas, Merrill Lynch Bank
 

  Business Overview
Maroc Telecom provides fixed-line, mobile, Internet, data, and other telecommunications services directly and through its subsidiaries in Morocco and other countries.

The government of Morocco began privatizing the company in 2001, selling 35% of it to Vivendi France and raising that sale incrementally to 53%, by December 2007. The government’s 14.9% equity offering led to the concurrent listing of the company on the Paris and CasablancaCasablancaLoading... stock exchanges, in December 2004.

In the mobile market, Maroc Telecom had a monopoly until 2000, when MédiTelecom was established as the second GSM operator. At the end of 2008, Maroc Telecom’s group-wide mobile operations served 17.8 million subscribers, a 12.01% annual increase; its Morocco mobile subscribers accounted for 84.12% of the group total, or 14.4 million, having grown by 8.47.5% since 2007.

The fixed-line monopoly held by Maroc Telecom until the end of 2006 was broken by MédiTélécom and WanaWanaLoading.... By the close of 2008, the company had shown a 2.77% decrease in Morocco’s fixed-line subscribers, to 1.29 million, while Internet subscribers in Morocco had grown by 1.26% to 482,000.

Maroc Telecom began its international expansion in April 2001, when it acquired 54% of Mauritel Group, a fixed-line, mobile and Internet service provider in Mauritania. Mauritel, which has been operating under a Maroc Telecom subsidiary since 2002, increased both mobile and fixed-line subscribers by 26% to 1.1 million and by 35% to 49,000, consecutively, by the end of 2008.

In Burkina Faso, Maroc Telecom acquired 51% of Onatel, a fixed-line, mobile and Internet service provider. By the end of 2008, Onatel had increased its annual mobile subscribers operating under the Telmob brand by 73% to 977,000, its Internet subscribers by 19% to 17,000 and its fixed-line subscribers by 19% to 145,000.

The company acquired 51% of Gabon Telecom in February 2007, a mobile and fixed-line telecom operator in Gabon. By the end of 2007, annual mobile subscribers had increased by 16% to 447,000 and fixed-line subscribers by 38% to 33,000.

In Europe, Maroc Telecom established Mobisud France, a mobile virtual network, in December 2006 and opened a branch of the subsidiary in Belgium, in May 2007. The Mobisud subscriber-base in France and Belgium totaled 163,000, by the close of 2008.
 
 
  Industry Benchmarks  Yr 2007  Yr 2008  Change (%)
 
  No of Fixed-Line Subscribers 1,336,000  1,299,000  (2.77) 
 
  Penetration Rate - Fixed-Line (%) 3.96%  4.19%  N/A 
 
  No of Internet Subscribers 476,000  482,000  1.26 
 
  Total Group Subscribers 15,342,000  17,184,000  12.01 
 
  No of Mobile Subscribers 13,327,000  14,456,000  8.47 
 
  Average Revenue Per User - ARPU (USD) 15  14  (6.25) 
 
  Penetration Rate - Mobile 39.5%  46.6%  N/A 
 
  % of Postpaid Subscribers 4%  4%  N/A 
View latest report on Telecom 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Casanet Morocco 100.00%
Mobisud Belgique Belgium 100.00%
Compagnie Mauritanienne De Communications [CMC] Mauritania 80.00%
Mobisud France France 66.00%
Gabon Telecom Group Gabon 51.00%
Gabon Telecom [via Gabon Telecom Group] Gabon 51.00%
Libertis [via Gabon Telecom Group] Gabon 51.00%
Onatel Group Burkina Faso 51.00%
Onatel [via Onatel Group] Burkina Faso 51.00%
Société de Télécommunications du Mali [Sotelma] Mali 51.00%
Telmob [via Onatel Group] Burkina Faso 51.00%
Mauritel Group [via Compagnie Mauritanienne De Communications] Mauritania 41.20%
Mauritel Mobiles [via Compagnie Mauritanienne De Communications] Mauritania 41.20%
Mauritel [via Compagnie Mauritanienne De Communications] Mauritania 41.20%
Medi1 Sat Morocco 37.00%
Investments
 
Name  Country  Holding
Thuraya Satellite Telecommunications Company UAE 0.16%
Supervising Authority
 
Name  Country  Holding
Agence Nationale de Réglementation des Télécommunications Morocco -
Haute Autorité de la Communication Audivisuelle Morocco -
 
 
  Representatives
Auditors
 
KPMG Maroc
 
Banks
Banque Marocaine du Commerce Extérieur
Banque Commerciale du Maroc
Banque Marocaine pour le Commerce et l'Industrie
Law Firms
 
N/A
 
 
Competitors  
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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