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...

Tunisia: Tunisie Telecom wants to get rid of 3G to focus on 4G

According to the Tunisian telecommunications regulator, more than 80% of consumers have terminals compatible with 4G. The incumbent operator Tunisie Telecom wants to bet on broadband to strengthen its position on the national market in a context of accelerated digital transformation. The public telecommunications operator Tunisie Telecom plans to get rid of third-generation (3G) mobile technology...

Morocco: Orange announces an investment of 575.6 million USD over the next three years

The demand for high-speed connectivity is accelerating in Africa as is the digital transformation. Telecom operators are increasing their investments to respond effectively to demand and take advantage of the opportunities offered by a growing Internet market. The telecommunications operator Orange Maroc will invest 5.69 billion dirhams (575.6 million USD) in the Cherifian kingdom over the...

Maroc Telecom reports revenues of MAD36.8bn in 2021

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...

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