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Company Updated: Apr 30, 2008
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| Country |
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Morocco
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| Ownership Type |
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Publicly Listed |
| Company Type |
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Joint Stock |
| Sector | Industry |
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| Principal Activities |
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Fixed and mobile line operator; internet service providers. |
| Formerly Known As |
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Office National des Postes et Télécommunications until February 1998 |
| Date of Establishment |
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1984 |
| No of Employees |
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14,154 (10,949 Company, 14,154 Group) |
| Brands |
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| El Manzil |
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Fidélio Jawal |
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Kalimat |
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| Maghribcom |
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Menara |
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Mobisud |
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| Mozdaouije |
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Phony |
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Solutions Enterprises |
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| Sales Offices |
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| Morocco (300) |
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| Stock Market Listing |
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| Exchange |
Symbol |
ID |
Stock Type |
Currency |
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| Casablanca SE |
IAM |
IAM.CSE |
Ordinary |
MAD |
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| Foreign Stock Market Listing |
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| Key Officers |
Abdulsalam Ahizoune
Chairman and President
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Arnaud Castille
Managing Director, Finance and Administration
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More Officers  |
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| IPO Details |
| Listing Date: |
13Dec04 |
| Size of Offering: |
$1,050.08M
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| Equity Offering: |
14.90% |
Lead
Managers: |
Attijari Finances Corporation, BNP Paribas, Merrill Lynch Bank |
| » View Full Details |
| Latest Headline |
Maroc Telecom 1H Net Pft +18% To MAD4.5B; Ups '08 Forecasts - Zawya Dow Jones Newswires
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| More News |
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| 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 CasablancaCasablanca stock exchanges in 2004.
Maroc Telecom had a monopoly on the mobile market at home until 2000, when MédiTelecom was established as the second GSM operator. At the end of 2007, the company’s group-wide operations served 15.3 million mobile subscribers, a 30% increase over 2006; its Morocco mobile subscribers accounted for 87% of the group total, or 13.3 million, growing by 24.5% since 2006.
The company’s fixed-line monopoly was broken at the end of 2006, when MédiTélécom and WanaWana were granted fixed-line licenses. By the close of 2007, Maroc Telecom showed only a slight increase in fixed-line subscribers, reaching 1.2 million in Morocco and 1.5 million, group-wide. Internet subscribers were on the upswing in 2007, in Morocco the company showed a 22% annual increase to 476,000, and a 25% group-wide increase,, to 502,000.
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 had been operating since 2002 under Maroc Telecom subsidiary, Compagnie Mauritanienne de Communications, increased its group-wide annual mobile subscribers by 50% to 905,000 at the end of 2007.
In Burkina Faso, Maroc Telecom acquired 51% of Onatel, a fixed-line, mobile and Internet service provider. By the end of 2007, Onatel had increased its annual mobile subscribers by 131% to 564,000, its Internet subscribers by 62% to 12,000 and its fixed-line subscribers by 22.9% to 122,000.
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 60% to 386,000 and fixed-line subscribers by 5.2% to 24,000.
In Europe, Maroc Telecom launched Mobisud France, a mobile virtual network in December 2006 and opened a branch of the subsidiary in Belgium in May 2007.
Of Maroc Telecom’s MAD27.5 billion (USD3.6 billion) revenues in 2007, 64% was sourced from group-wide mobile operations.
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Industry Benchmarks  |
Yr 2006 |
Yr 2007 | Change (%) |
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No of Fixed-Line Subscribers |
1,266,119 |
1,289,000 | 1.81 |
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Penetration Rate - Fixed-Line (%) |
4.02% |
3.82% | N/A |
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No of Internet Subscribers |
391,000 |
476,000 | 21.74 |
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Total Group Subscribers |
11,806,000 |
15,342,000 | 29.95 |
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No of Mobile Subscribers |
10,707,000 |
13,327,000 | 24.47 |
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Country Market Share - Mobile |
67% |
- | N/A |
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Penetration Rate - Mobile |
34% |
39.5% | N/A |
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% of Postpaid Subscribers |
3.83% |
3.79% | N/A |
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View latest  report on Telecom  |
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| Major Shareholders |
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Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details |
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| Organization Structure and Related Entities |
| Subsidiaries/Associates/Affiliates |
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| Casanet |
Morocco | 100.00% |
| Mobisud Belgique |
Belgium | 100.00% |
| Compagnie Mauritanienne De Communications [CMC] |
Mauritania | 80.00% |
| Mobisud France |
France | 66.00% |
| Gabon Telecom |
Gabon | 51.00% |
| Libertis [via Gabon Telecom] |
Gabon | 51.00% |
| Onatel Group |
Burkina Faso | 51.00% |
| Onatel [via Onatel Group] |
Burkina Faso | 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 | 29.00% |
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| Investments |
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| Supervising Authority |
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| Representatives
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| Auditors |
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| Banks |
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| Banque Marocaine pour le Commerce et l'Industrie |
Banque Commerciale du Maroc |
| Banque Marocaine du Commerce Extérieur |
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| Competitors |
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| Summary Financials |
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Available to members only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details |
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| Company information provided by © 2008 ABQ Zawya Ltd. |
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