First Independent Mena Newspaper
Maroc Telecom, the partly state-owned telecommunications operator in Morocco, which is the third mobile operator in Côte d’Ivoire under its local branch Moov, announced it is increasing its investments in the West African country. The announcement was made by the company’s CEO Abdeslam Ahizoune at a meeting with Ivorian President during a visit to Abidjan. […]
Maroc Telecom’s growth expectations for 2014 have been fulfilled as the net income of Morocco’s leading telecommunications group increased by 5.6% to MAD 5.850 billion compared to MAD 5.540 billion a year earlier, i.e. a net margin of 20.1% in progress by 0.7 points. Last year, the consolidated revenue of Itissalat Al Maghrib or IAM […]
Maroc-Telecom, the incumbent telecommunications operator in Morocco, announced it has finalized the purchase of the branches it acquired from the United Arab Emirates telecom group Etisalat in Côte d’Ivoire, Togo, Gabon, Benin, Central African Republic and Niger. The deal between the two operators worth over $ 536 million was struck last spring when Etisalat became […]
Morocco’s leading telecommunications group Maroc Telecom or IAM seems upbeat about its growth in 2014 as the financial results for the first half of the current year showed a slight increase compared to the same period last year. The company’s turnover actually reached 14,564 Billion Moroccan dirhams to 14,468 Billion during the same period of […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
Maroc Telecom, the leading telecommunications operator in Morocco, held its General Assembly on Tuesday (April 22) to officially celebrate the entry of the new majority shareholder, the UAE Etisalat, which acquired 53% of the company’s capital, previously held by Vivendi. Etisalat reached the € 4.2 billion deal with Vivendi in November last year after months-long […]