Moroccan court finds Maroc Telecom guilty of unfair competition practices

A Moroccan court found Maroc Telecom guilty of abusing its position as the market leader and ordered it to pay 6.36 billion dirhams to Wana Corporate who brought the case.

The verdict is the second against Maroc Telecom after telecoms regulator ANRT fined the company 3.3 billion dirhams for failing to respect fair competition provisions.

In a statement, Maroc Telecom said it took note of the verdict and will appeal it.

Maroc Telecom shares at the stock exchange fell 9.99% and its profits are expected to take a hit this year.

The company has branches in Benin, Burkina Faso, Côte d’Ivoire, Gabon, Mali, Mauritania, Niger, Chad, Togo, and the Central African Republic.