First Independent Mena Newspaper
Maroc Telecom reported a soaring debt to 23 billion dirhams, up 32.1% as a result of the compensation it was asked to pay to its competitor Inwi for violating fair competition rules. In July, a commercial court in Casablanca upheld a first instance verdict that found Maroc Telecom guilty of violating free competition rules and […]
Telecom operator, Maroc Telecom, has paid 6.3 billion dirhams ($630 mln) in damages to its competitor Inwi after it was indicted by a court for anti-competitive practices. The fine represents 17% of the firm’s turnover and exceeds the 6.1 billion dirhams it made in profit last year. Fingers are pointing to Maroc Telecom’s CEO Abdesslam […]
Morocco’s largest telecom operator, Maroc Telecom, is expected to take a blow in terms of its profitability at the Casablanca stock exchange after losing a case brought by its competitor Wana Corporate. Maroc Telecom said it will appeal the decision by a commercial court in Casablanca ordering the operator to pay Wana corporate, known by […]
The appeals commercial court of Casablanca ordered Maroc Telecom to pay 6.3 billion dirhams to its competitor Inwi, which brought the case accusing Morocco’s largest telecom operator of anti-competitive practices. The ruling upholds the compensation ordered by a court of first instance in January, in a case that was filed by Inwi in 2021. In […]
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. […]
Mali’s Supreme Court has confirmed in a final decision demanding Moov Africa Malitel and Orange-Mali, two telecom companies, to pay up to $195 million to the Association of Telecom service clients (Remacotem). Remacotem in 2021 sued both companies before the courts for illegal taxation of calls answered by the answering machine. The telecom companies denied […]
Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday. The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]
Maroc Telecom Group has said that its customers continue to grow (up 9.1 pc year-on-year), reaching 68.4 million during the first half of 2020. This increase is due partly to the consolidation of Tigo Chad into the Group’s since July 1, 2019. As of June 30, 2020, its mobile customers reached 19.6 million, up slightly […]
Morocco’s leading telecom operator said it will donate its first quarter profit amounting to 1.5 billion dirhams (150 million US dollars) to the special fund created to mitigate the social and economic consequences of Covid-19. The government has pledged 10 billion dirhams to the fund which included a fine of 3.3 billion dirhams that Maroc […]
Wana company, which holds Inwi, said it withdrew a lawsuit it had brought in 2018 against Maroc Telecom after the latter was fined by the telecoms regulator. Al Mada holding, which owns most stakes in Wana company, urged the board of directors to abandon the case, Wana said in a statement. Wana dropped the case […]