Orange Morocco has announced the launch of Orange Money in the kingdom, having secured approval from the Bank Al Maghrib, the North African country’s central bank. Morocco becomes the 18th country within the MEA region to offer the solution and means locals can make mobile payments and transfer money using their phones. Orange’s value proposition...
The legal battle between mobile operator Inwi and national operator Maroc Telecom, on since March 2018, has ended. Inwi had called the attention of Morocco’s telecom sector regulator, the National Telecommunications Regulatory Authority (ANRT) and accused Maroc Telecom of unfair competition based on its decision to block competitors from accessing local loop unbundling (LLU) and...
On the invitation of its majority shareholder, the royal holding company Al Mada, the board of directors of the mobile operator Wana, better known as the Inwi sales representative, decided to end the legal battle engaged since March 2018 against the historic operator Maroc Telecom for unfair competition. The decision of Inwi, which has always...
The Maroc Telecom group has published its financial results for 2019. The company is delighted to have achieved its objectives for the year, which mainly concerned the stabilization of its turnover, profit before interest, taxes, depreciation and amortization (Ebitda) and its investment expenses (capex) excluding licenses and frequencies. The company indeed recorded a total turnover...
Maroc Telecom (IAM) has published its financial results for the twelve months ended 31 December 2019, reporting a 1.3% increase in revenues from MAD36.032 billion (USD2.8 billion) to MAD36.517 billion, attributed to a 1.3% increase in sales generated by the group’s domestic unit and marginal 0.3% growth in revenues from its international operations. The telco’s...
Moroccan telecommunications operator Maroc Telecom is looking to appeal a fine of 3.3-billion dirhams (approximately US$340-million) it received from the country’s National Telecommunications Regulatory Authority (ANRT). ANRT said the fine is a punitive measure against the operator’s anti-competitive practices, based on analysis of the findings of a report in 2017. The regulator stated: “After an...
The share value of Maroc Telecom, known as Itissalat Al Maghrib (IAM), fell 7.52% on Monday February 3, 2020. It was the biggest daily drop for this company, first capitalization of the Casablanca Stock Exchange, since July 23, 2013, when its share had declined by 9.3%, according to data collected by the Ecofin Agency. In...
Morocco’s state telecoms regulator has fined market leader Maroc Telecom 3.6 billion dirhams ($375 million) for anti-competitive practices, two Moroccan news sources reported on Sunday. The two French-language websites, Article19.ma and Medias24.com, cited unnamed sources at the ANRT regulator for the information. Neither the ANRT or Maroc Telecom could be reached immediately for comment. The...
Morocco has developed one of the most advanced telecommunications markets in Africa, supported by the government’s Maroc Digital 2020 strategy to encourage the development of a digital economy and on the National Broadband Plan which aims to provide fixed or mobile broadband access to the entire population by 2022. This came in the latest report...
Moroccan telecoms operator, inwi announced the launch of its mobile money service ‘inwi money’ on Wednesday, 25 September 2019. inwi money is a service that utilises Mobiquity Money, the digital money platform from Comviva. The new service allows consumers to perform multiple financial transactions including person-to-person money transfer, airtime purchase, bill payments and merchant payments....
