Subsidiaries in Sub-Saharan Africa supported Maroc Telecom’s revenue growth in 2023

The Moroccan telecoms group Itissalat Al Maghrib (Maroc Telecom) generated a consolidated turnover of 36.78 billion dirhams ($3.6 billion) in 2023, according to the company’s annual financial results published on Friday February 16. This performance represents an increase of 3% compared to 35.7 billion dirhams in 2022. It is mainly attributed to the growth in...

Morocco: ordered to pay $634.5 million to Inwi for unfair competition, Maroc Telecom wants to appeal

The Rabat commercial court ordered, on Monday January 29, the telecommunications company Maroc Telecom to pay compensation of 6.36 billion dirhams ($634.5 million) to its competitor Wana Corporate (Inwi) for competition practices. unfair. The historic operator announced in a press release published the same day that it will appeal this verdict as soon as it...

Maroc Telecom invests €150 mln in subsea cable to connect African subsidiaries

The demand for broadband connectivity is set to keep growing in Africa over the next few years. To meet this demand, operators are strengthening their infrastructure.  The Moroccan telecommunications group Itissalat Al Maghrib (Maroc Telecom) has invested 150 million euros in the construction of a new fiber optic submarine cable. Called “West Africa”, the infrastructure...

African Unicorns, the first event dedicated to future African unicorns is launched in Morocco

African Unicorns , the first event that identifies future African unicorns, will hold its first edition, in Casablanca, at the Sofitel, on April 27. In 2016, Africa registered its first unicorn. Today, the continent has nearly a dozen. The African continent has seen the creation of a real ecosystem of start-ups, the number of which, in recent years,...

Helios Investment Partners announces the acquisition of majority stakes in Maroc Datacenter and IXAfrica

With the acceleration of digital transformation, Africa is seeing strong demand for cloud services. Local and foreign companies are increasing investments in data centers to meet this demand. British private equity fund Helios Investment Partners has announced the signing of agreements to acquire majority stakes in data center companies Maroc Datacenter (MDC) and IXAfrica Data Center...

Maroc Telecom challenges a $232.3 million fine from the regulator for abuse of a dominant position

In June 2014, the regulator set the rules for unbundling the telecoms infrastructure of the incumbent operator Maroc Telecom. The latter opposed it, arguing that the infrastructures in question are the fruit of his investments. The telecommunications operator Maroc Telecom (IAM) has just lodged an appeal with the Rabat Court of Appeal, according to the...

Morocco: ANRT fines Maroc Telecom USD238m for failing to comply with competition rules

Maroc Telecom Group (IAM) has been fined MAD2.45 billion (USD238 million) by the National Agency of Telecommunications Regulation (Agence Nationale de Reglementation de Telecom, ANRT) for failing to comply with the agency’s fair competition rules. ANRT said the fine is the culmination of an accumulative penalty that it imposed on IAM back in January 2020; ANRT set a fine of MAD4.1 million...

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