Maroc Telecom – Extensia-ltd

More Africa NewsMaroc Telecom negotiates a €375 million loan from the IFC to support its activities in sub-Saharan Africa

July 10, 2023by myles0

Maroc Telecom is seeking to strengthen the capacities of its subsidiaries in sub-Saharan Africa, while its growth is limited in its domestic market. The company recently invested €150 million in the construction of a new fiber optic submarine cable. The Moroccan telecommunications company Itissalat Al Maghrib (Maroc Telecom) is negotiating financing of 375 million euros with...

More Africa NewsMaroc Telecom invests €150 mln in subsea cable to connect African subsidiaries

June 5, 2023by myles0

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...

More Africa NewsMaroc Telecom challenges a $232.3 million fine from the regulator for abuse of a dominant position

August 25, 2022by myles0

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...

More Africa NewsMorocco: ANRT fines Maroc Telecom USD238m for failing to comply with competition rules

August 1, 2022by myles0

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...

More Africa NewsMaroc Telecom reports revenues of MAD36.8bn in 2021

February 18, 2022by myles0

Maroc Telecom (IAM) has published its financial results for the twelve months ended 31 December 2021, reporting a 2.7% decrease in revenues from MAD36.769 billion (USD3.9 billion) to MAD35.790 billion, attributed to an 8.1% drop in mobile revenues generated by the group’s domestic unit, which was partly offset by growth in its Moov Africa international...

More Africa NewsMorocco: Maroc Telecom’s revenue down by 3% in 1H21

July 29, 2021by myles0

Maroc Telecom (IAM) has published its financial results for the six months ended 30 June 2021, reporting a 2.9% decrease in revenues from MAD18.323 billion (USD2.02 billion) to MAD17.780 billion, attributed to a 7.1% drop in mobile revenues generated by the group’s domestic unit, which was partly offset by growth in its international operations (up...

More Africa NewsMorocco: Maroc Telecom reports declines in revenues, EBITDA in 1Q21

April 29, 2021by myles0

Maroc Telecom (IAM) has published its financial results for the three months ended 31 March 2021, reporting a 4.2% decrease in revenues from MAD9.309 billion (USD1.04 billion) to MAD8.914 billion, attributed to a 9.5% drop in mobile revenues generated by the group’s domestic unit, which was partly offset by an increase in fixed broadband revenues...

More Africa NewsMaroc Telecom reports $674 million profit in 2020

February 22, 2021by myles0

Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. RABAT: Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. Revenue rose to 36.7 billion dirhams, up 0.7%, as an improvement...

More Africa NewsMaroc Telecom reports drops in revenues, EBITDA in Q3 2020

October 21, 2020by myles0

Maroc Telecom (IAM) has published its financial results for the three months ended 30 September 2020, reporting a 3.1% decrease in revenues from MAD9.209 billion (USD996 million) to MAD9.174 billion, attributed to a 7.0% drop in sales generated by the group’s domestic unit, which was partly offset by 0.7% increase in revenues from its international...

Finance More Africa NewsMaroc Telecom reports growth in revenues, EBITDA in 9M 2019

October 23, 2019by myles

Maroc Telecom (IAM) has published its financial results for the nine months ended 30 September 2019, reporting a 0.6% increase in revenues from MAD27.137 billion (USD2.8 billion) to MAD27.308 billion, attributed to a 1.3% increase in sales generated by the group’s domestic operation, which was partly offset by a 1.3% decline in revenues in its...

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