First Independent Mena Newspaper
Morocco’s telecom regulator (ANRT) imposed on Monday a $ 344 Million fine on Maroc Telecom, the country’s leading operator, for its anti-competitive practices since 2013. In a press release, the National Telecommunications Regulatory Agency (ANRT) said the Moroccan company has abused its dominant position by blocking its rivals’ access to its landline network and to […]
Maroc Telecom announced Monday it will invest 10 billion dirhams over the coming three years to promote telecommunications in Morocco. “As part of its proactive investment policy, Maroc Telecom has signed the sixth investment agreement with the Government for the development of telecommunications in the Kingdom,” said the leading telecom operator in a statement. “Under […]
Maroc Telecom has announced that the acquisition of Tigo Tchad, Chad’s largest network operator, has been completed. Following the agreement signed on March 14, 2019, Maroc Telecom has completed the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad, Maroc Telecom said in a press release. Tigo Tchad is […]
The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]
The Moroccan government will get 8.87 billion dirhams (about $1 billion) from the sale of 8 per cent of its stake in the telecommunication continental giant. The Moroccan Capital Market Authority (AMMC) has given the go-ahead to the government to sell 8% of its shares in Maroc Telecom. The planned transaction on the block market […]
The Moroccan government notified on Friday the largest telecom operator in the country, Maroc Telecom, that it will sell 8% of the capital of the country. The sale will reduce the share of the Moroccan state in the company to 22%, with the majority of stakes up to now owned by the UAE’s Etissalat. “Maroc […]
Maroc Telecom continues its regional expansion plan with the acquisition of Millicom’s subsidiary Tigo Chad, the leading telecoms operator in the Sub-Saharan country. The transaction will only be complete after receiving the green light of regulatory bodies in Chad. The Morocco-based group has subsidiaries in Benin, Burkina Faso, Côte d’Ivoire, Gabon, Mali, Mauritania, Niger, Togo […]
Morocco’s largest telecom operator “Maroc Telecom” completed the acquisition of a 10% stake in ONATEL on the Abidjan Regional Stock Exchange for €41 million, bringing its shareholding in the Burkina Faso subsidiary to 61%. This transaction, at a price of CFAF 8,000 per share, allows Maroc Telecom to strengthen its stake in the leading operator […]
Morocco’s third largest telecoms operator, Inwi, is suing market leader Maroc Telecom over unfair competition claiming $620 million in payment. Inwi accuses Maroc Telecom of holding 60% of Morocco’s telecoms market, saying that such a share is against the law, which states that companies should not exceed 40%. Kuwait’s Zain and Kuwaiti Investment Authority’s Al […]
Maroc Telecom, Morocco’s largest telecom operator, said that it invested €6 billion over the last decade in modernizing telecommunication infrastructure in the African continent. Speaking to the press following talks with Côte d’Ivoire’s president in Abidjan earlier this week, head of Maroc Telecom management board, Abdesslam Ahizoune, said that the company is planning to expand […]