- Awards Season
- Big Stories
- Pop Culture
- Video Games
Unlocking the Potential of British Telecom for Maximum Efficiency
British Telecom (BT) is one of the largest telecommunications companies in the UK, providing a range of services to customers across the country. With its extensive network and infrastructure, BT has the potential to help businesses and organisations increase their efficiency and productivity. In this article, we’ll explore how BT can help unlock this potential for maximum efficiency.
Maximising Network Connectivity
BT’s network covers 99% of UK premises, making it one of the most reliable and comprehensive networks in the country. This means that businesses can access high-speed internet connections wherever they are located, enabling them to stay connected with their customers and colleagues. BT’s network also provides access to cloud-based services such as Microsoft Office 365, allowing businesses to work remotely and collaborate more effectively.
Enhancing Communication Capabilities
BT offers a range of communication solutions that can help businesses improve their customer service and internal communications. For example, BT’s Unified Communications solution combines voice, video and data into a single platform, allowing businesses to communicate more effectively with customers and colleagues. This solution also allows businesses to set up virtual meetings with remote teams, helping them stay connected even when they are not in the office.
Improving Productivity with Cloud Solutions
BT’s cloud solutions can help businesses increase their productivity by providing access to powerful applications such as Microsoft Office 365. This suite of applications includes tools such as Word, Excel and PowerPoint which can be used to create documents, spreadsheets and presentations quickly and easily. Additionally, BT’s cloud solutions provide secure storage for data which can be accessed from anywhere in the world.
In conclusion, BT has a wide range of solutions that can help businesses unlock their potential for maximum efficiency. From maximising network connectivity to enhancing communication capabilities and improving productivity with cloud solutions, BT has something for every business looking to increase their efficiency.
This text was generated using a large language model, and select text has been reviewed and moderated for purposes such as readability.
MORE FROM ASK.COM
Telecommunications service provider in Morocco
- Founder? Claim Profile
- Request page removal
Maroc Telecom Key Metrics
Company profile of maroc telecom, what does maroc telecom do, what sectors and market segments does maroc telecom operate in, the primary business model of maroc telecom is:, which legal entities is maroc telecom associated with, funding and investors of maroc telecom, how much funding has maroc telecom raised till date.
- Maroc Telecom has raised funding over 1 round .
- It's latest funding round was a Post IPO round on Jun 28, 2019 for an undisclosed amount.
- 1 investor participated in it's latest round, which include RCAR .
Who are the investors in Maroc Telecom?
- Maroc Telecom has 1 institutional investor - RCAR .
Competitors of Maroc Telecom
Competitive landscape of maroc telecom.
- Maroc Telecom has 2972 active competitors and it ranks 149th among them.
- 54 of its competitors are funded while 445 have exited.
- Overall, Maroc Telecom and its competitors have raised over $42B in funding across 180 funding rounds involving 239 investors.
- There are 113 public and 332 acquired companies in the entire competition set.
Who are the top competitors of Maroc Telecom?
- Telefonica - Madrid based, 1924 founded, Public company
- MTN Group - Randburg based, 1994 founded, Public company
- Jio - Mumbai based, 2007 founded, Series G company
Reports related to Maroc Telecom
Top Business Models in Telecom Report
Maroc Telecom Top News
Frequently asked questions about maroc telecom, when was maroc telecom founded, where is maroc telecom located, is maroc telecom a public company, when was the latest funding round of maroc telecom, explore our recently published companies.
- H₂OPE - Bengaluru based, 2023 founded, Unfunded company
- Genz Investment - Unfunded company
- HH Global - Leatherhead based, 1991 founded, Late Stage company
- Brandvibe - Petaling Jaya based, 2019 founded, Unfunded company
- Cocos Network - Urk based, 2020 founded, Unfunded company
- Philadelphia Web Design Agency - Philadelphia based, 2023 founded, Unfunded company
Maroc Telecom SA: Overview
- Share on Twitter
- Share on LinkedIn
Ict spend & tech priorities.
- Segment Analysis
- SWOT Analysis
- Filing Analytics
- Theme Exposure
- Top 10 Telecom Operators in RoW in 2022 by Mobile Subscriptions
Maroc Telecom SA (Maroc Telecom is a provider of telecommunication solutions. It offers mobile, fixed telephone and internet services, cloud and data center services, value added services and various equipment such as smart phones, routers, modems and related accessories. The company offers its products and services to both residential and business customers, including small and medium enterprises, large companies, and public sectors in various African regions. It has business presence across Mauritania, Burkina Faso, Cote d’Ivoire, Gabon, Mali, Chad, Benin, Togo, Niger and Central African Republic. Maroc Telecom is headquartered in Rabat, Morocco.
Maroc Telecom SA premium industry data and analytics
Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.
IT Client Prospector provides intelligence on Maroc Telecom SA’s likely spend across technology areas enabling you to understand the digital strategy.
Products and Services
Competitor comparison, key financial charts, sales growth, net income growth.
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
- Factsheet Settings
- HTML Preview
- PDF Download
- Financial Statements
- Market Data
- Corporate Actions
- Rebased Quotes Charts
- Consensus Estimates
- Main Multiples
- Forecast Multiples
- Historical Multiples
- Other Multiples
- Multiples Charts
- Main Ratios
- Growth Ratios
- Profitability Ratios
- Capital Structure Ratios
- Asset Utilization Ratios
- Ratios Charts
- Quotes Charts
- Beta Calculator
- Performance Calculator
- Revisions in %
- Historical Estimates
- Regression Analysis
- Display Template
- New Template
Levered/Unlevered Beta of Maroc Telecom SA ( IAM | MAR)
Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Since the market is the benchmark, the market's beta is always 1. When a stock has a beta greater than 1, it means the stock is expected to increase by more than the market in up markets and decrease more than the market in down markets. Conversely, a stock with a beta lower than 1 is expected to rise less than the market when the market is moving up , but fall less than the market when the market is moving down. Despite being rare, a stock may have a negative beta, which means the stock moves opposite the general market trend. Maroc Telecom SA shows a Beta of N/A. This is significantly lower than 1. The volatility of Maroc Telecom SA according to this measure is significantly lower than the market volatility.
Stock Perf excl. Dividends (in N/A)
Standard beta is co-called levered, which means that it reflects the capital structure of the company (including the financial risk linked to the debt level). Unlevered beta (or ungeared beta) compares the risk of an unlevered company (i.e. with no debt in the capital structure) to the risk of the market. Unlevered beta is useful when comparing companies with different capital structures as it focuses on the equity risk. Unlevered beta is generally lower than the levered beta. However, unlevered beta could be higher than levered beta when the net debt is negative (meaning that the company has more cash than debt). Many different betas can be calculated for a given stock. The main common variables that affect beta calculations are the time period, the reference date, the sampling frequency for closing prices and the reference index. The calculation divides the covariance of the stock return with the market return by the variance of the market return. Beta is used very often for company valuation using the Discounted Cash Flows (DCF) method. The discount rate is calculated using the Weighted Average Cost of Capital (WACC). The WACC is essentially a blend of the cost of equity and the after-tax cost of debt. The cost of equity is usually calculated using the capital asset pricing model (CAPM), which defines the cost of equity as follows: re = rf + β × (rm - rf) Where: rf = Risk-free rate β = Beta (levered) (rm - rf) = Market risk premium.
- person Profile
- exit_to_app Log out
Maroc Telecom es la mejor marca de Marruecos, según Brand Finance
- Next chevron_right
Economy and business
Morocco approaches spain for gas supplies.
Morocco to revive its economy following the implementation of its new development model
Morocco leads the MENA region in the use of renewable energies
The British magazine Brand Finance has published a new report, dedicated to brands and financial companies in Africa, called 'Africa 150 of the Year 2021', where, for the first time, a company from Morocco enters the top of the best industries that exist on the continent. The brand in question is Maroc Telecom, a mobile phone company, which is ranked thirteenth in the report, with a brand value of around $761 million. In addition, it has also become Morocco's top-grossing business.
Last year, in the same document, the company was at number eighteen, so it has managed in just one year to reach five places on the list, thanks to the reliability of the services it offers and the fact that its broadband internet customer base has increased significantly during this period . According to the report, the brand "was able to capitalise on the increased reliability of its services over the previous year and a half, while professional and social life was largely spent online, and managed to expand its customer base with a 10% increase in broadband users".
After Maroc Telecom, the next Moroccan company listed is Attijariwafa Bank, worth $409 million and holding the twenty-eighth spot in the ranking. Within this list, Morocco is the third largest company in Africa, occupying 10 places, representing 6% of the total value of the brand on the list. The first of the African countries to have the most companies is South Africa, with 81 businesses representing 73% of the ranking. Then, in second place is Nigeria, with 17 companies accounting for one of the 6% of the rank.
Maroc Telecom is a firm of mobile telephone operators that was born in 1998 and is today the most famous telephone company in the Maghreb country. The brand lists around 12,000 employees working and 8 regional delegations, with 220 offices throughout the country. In 2017, it was voted the best Moroccan telecommunications company in Africa, serving more than 50 million users. It was also the first to use 4G technology in its subsidiary in Gabon, called Gabon Telecom, and built the "Trans-Africa" cable that covers more than 5,300 km and also serves Burkina, Mauritania, and Mali.
The number one brand in this ranking is MNT, another South African telecommunications operator, based in Johannesburg. This business is the largest telephony firm in Africa and the eighth largest in the world to provide telephone and internet services. The company has managed to raise $2.71 billion this year.
The collateral effects of the COVID-19 pandemic have taken their toll on all companies. Brand Finance stated in the report that "Africa's largest economy suffered a four-decade deepest recession during the pandemic but has begun to grow" . Businesses will have to find a return to normality to make up for the losses caused by the virus, and by the looks of it, they are already starting to recoup, slightly, the money lost over the past year.
Commercial Vehicle Group (CVG) announces manufacturing plant in Tangier
Morocco aims to be a major player in the green hydrogen sector
Natural gas, essential for Morocco in the energy transition period
Iberdrola receives the Financial Times award for the best Pro Bono Legal and Fiscal Project in the Sustainability category
Morocco will host a battery plant with capacity to power half a million vehicles a year
Ignacio Galán, Chairman of Iberdrola, receives the Business Leadership in Energy Transition 2023 Award
- Technology & Telecommunications ›
Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access.
Annual revenue of Maroc Telecom SA 2018-2021
Annual revenue of maroc telecom sa from 2018 to 2021 (in million moroccan dirhams).
- Immediate access to 1m+ statistics
- Incl. source references
- Download as PNG, PDF, or XLS
Show sources information Show publisher information Use Ask Statista Research Service
2018 to 2021
"Gross sales and other operating revenue adjusted for the cost of returns, allowances, and discounts, i.e., representing total net sales." Currency conversion rate in the description as of April 20, 2022.
Other statistics on the topic
Wireless carrier/operator subscriber share in the U.S. 2011-2023
Countries with the highest number of cities in which 5G is available 2023
Leading telecommunication operators worldwide based on revenue 2020
Forecast number of mobile users worldwide 2020-2025
To download this statistic in XLS format you need a Statista Account
To download this statistic in PNG format you need a Statista Account
To download this statistic in PDF format you need a Statista Account
As a Premium user you get access to the detailed source references and background information about this statistic.
As a Premium user you get access to background information and details about the release of this statistic.
As soon as this statistic is updated, you will immediately be notified via e-mail.
… to incorporate the statistic into your presentation at any time.
You need at least a Starter Account to use this feature.
- Immediate access to statistics, forecasts & reports
- Usage and publication rights
- Download in various formats
You only have access to basic statistics. This statistic is not included in your account.
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
Business Solutions including all features.
Other statistics that may interest you
- Telecommunications sector quarterly revenue in Belgium 2014-2023
- China Telecom's revenue 2012-2022
- Quarterly revenue of the telecommunication industry in Spain 2011-2021
- Revenue of China Unicom 2011-2021
- China Mobile's revenue growth rate in China 2015-2020
- China Telecom's revenue growth rate in China 2015-2020
- AT&T revenue in Latin America 2014-2022, by country
- Revenue of Telenor Group 2014-2022
- Revenue of Telenor by country and type of mobile subscription in 2022
- Advertising expenses of Telenor Group worldwide 2022
- Government income in Morocco 2011-2028
- Fixed broadband average price by country in Africa 2018
- Publishing & printing industry revenue in Morocco 2014-2015
- Number of employees at China Telecom 2012-2022
- ICT Development Index rankings 2017, by country
- General Electric - revenue 2015-2022
- Revenue of film and video industry in Finland 2016-2021, by sector
- Revenue from retail sales in clothing stores in Czechia 2010-2021
- Revenue of heating & air conditioning wholesaling in the U.S., 2008-2013
- Revenue in analytics market by travel and hospitality sector India 2016-2017
- Revenue of the Baltika Group worldwide 2013-2022
- Revenues of leading telecommunications and audiovisual operators in Spain 2013-2021
- Revenue of Stena AB 2012-2020
- Sales revenue of commercial enterprises in Taiwan 2011-2021
- Operating revenue of Southwest Airlines by segment 2010-2022
- National revenue as a share of GDP in Egypt 2012-2028
- General government revenue in Egypt 2011-2028
- General government revenue in Tunisia 2010-2026
- National revenue as a share of GDP in Tunisia 2010-2026
- General government revenue in Algeria 2012-2028
- General government revenue in Libya 2011-2028
- Leading telecom brands in Egypt by revenue growth 2017
- Leading telecom brands in Egypt by profit growth 2016-2017
- Market value share of leading telecom brands in Egypt 2016-2017
- Share of mobile phone users in Egypt by telecom brand 2017
Other statistics that may interest you Statistics on
About the industry
- Basic Statistic Telecommunications sector quarterly revenue in Belgium 2014-2023
- Premium Statistic China Telecom's revenue 2012-2022
- Basic Statistic Quarterly revenue of the telecommunication industry in Spain 2011-2021
- Premium Statistic Revenue of China Unicom 2011-2021
- Premium Statistic China Mobile's revenue growth rate in China 2015-2020
- Premium Statistic China Telecom's revenue growth rate in China 2015-2020
- Premium Statistic AT&T revenue in Latin America 2014-2022, by country
- Premium Statistic Revenue of Telenor Group 2014-2022
- Premium Statistic Revenue of Telenor by country and type of mobile subscription in 2022
- Premium Statistic Advertising expenses of Telenor Group worldwide 2022
About the region
- Premium Statistic Government income in Morocco 2011-2028
- Premium Statistic Fixed broadband average price by country in Africa 2018
- Basic Statistic Publishing & printing industry revenue in Morocco 2014-2015
- Premium Statistic Number of employees at China Telecom 2012-2022
- Premium Statistic ICT Development Index rankings 2017, by country
- Premium Statistic General Electric - revenue 2015-2022
- Premium Statistic Revenue of film and video industry in Finland 2016-2021, by sector
- Premium Statistic Revenue from retail sales in clothing stores in Czechia 2010-2021
- Premium Statistic Revenue of heating & air conditioning wholesaling in the U.S., 2008-2013
- Premium Statistic Revenue in analytics market by travel and hospitality sector India 2016-2017
- Premium Statistic Revenue of the Baltika Group worldwide 2013-2022
- Basic Statistic Revenues of leading telecommunications and audiovisual operators in Spain 2013-2021
- Premium Statistic Revenue of Stena AB 2012-2020
- Premium Statistic Sales revenue of commercial enterprises in Taiwan 2011-2021
- Premium Statistic Operating revenue of Southwest Airlines by segment 2010-2022
- Premium Statistic National revenue as a share of GDP in Egypt 2012-2028
- Premium Statistic General government revenue in Egypt 2011-2028
- Premium Statistic General government revenue in Tunisia 2010-2026
- Premium Statistic National revenue as a share of GDP in Tunisia 2010-2026
- Premium Statistic General government revenue in Algeria 2012-2028
- Premium Statistic General government revenue in Libya 2011-2028
- Premium Statistic Leading telecom brands in Egypt by revenue growth 2017
- Premium Statistic Leading telecom brands in Egypt by profit growth 2016-2017
- Premium Statistic Market value share of leading telecom brands in Egypt 2016-2017
- Premium Statistic Share of mobile phone users in Egypt by telecom brand 2017
Further related statistics
- Premium Statistic Revenue of the Bank of Communications 2022
- Premium Statistic Ping An Insurance's annual revenue 2012-2022
- Premium Statistic Revenue and financial key figures of Coca-Cola 2010-2022
- Basic Statistic Employer firm revenue of residential care and nursing facilities by tax category 2020
- Premium Statistic Annual revenue of China Tourism Group Duty Free 2012-2022
- Premium Statistic Baidu's total revenue 2012-2022
- Basic Statistic Arsenal FC revenue 2008-2022, by stream
- Basic Statistic Liverpool FC revenue 2008-2022, by stream
- Basic Statistic Tottenham Hotspur revenue 2008-2022, by stream
- Basic Statistic Real Madrid revenue 2009-2022, by stream
Further Content: You might find this interesting as well
- Revenue of the Bank of Communications 2022
- Ping An Insurance's annual revenue 2012-2022
- Revenue and financial key figures of Coca-Cola 2010-2022
- Employer firm revenue of residential care and nursing facilities by tax category 2020
- Annual revenue of China Tourism Group Duty Free 2012-2022
- Baidu's total revenue 2012-2022
- Arsenal FC revenue 2008-2022, by stream
- Liverpool FC revenue 2008-2022, by stream
- Tottenham Hotspur revenue 2008-2022, by stream
- Real Madrid revenue 2009-2022, by stream
- Research Projects
- Research Networks
- Seminars & Events
Papers & Publications
- Publication Search
- New Journals
- New Reports
- Journals & Magazines
- Alphabetical Order
- By Department
- Fixed-term Researchers
- Visiting Research Fellows
- Digital Archives
- Finding Materials
- Institutional Repository(ARRIDE)
- Message from the President
- Outline of IDE
- Fellowships / Job Openings
Data & Resources
- Search Result - AGE (African Growing Enterprises) File
- About Geo-Economic Dataset For Asia
- Input-Output Tables (Download)
- Household Data on Microcredit Study in Indonesia
- Trade Index Numbers for Unit Value, Value, Quantity and Terms of Trade
- African Page
China in Africa
Morocco / Telecommunications
Company Profile and History
In country location, services and products, number of employees, financial information, market share, business objective, business model, ownership of business, benefits offered and relations with government, product development.
Vivendi is a leading global communications provider: number one worldwide in video games, number one worldwide in music, number two in France in telecommunications, number one in Morocco in telecommunications and number one in France in pay-TV. In 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an Imperial decree of Napoleon III. In 1854, CGE obtained a concession in order to supply water to the public in Lyon and for more than a century, CGE remained largely focused on the water sector. However in 1976, CGE extended its activities into other sectors with a series of takeovers. In 1998, CGE changed its name to Vivendi, and sold off its property and construction divisions the following year. Also in 1998 Vivendi went on to acquire stakes in Maroc Telecom. In 2001, Vivendi became the Kingdom of Morocco’s strategic partner in Maroc Telecom after acquiring a 35% equity interest in the company following an auction process organized by the Moroccan government. In 2004 Vivendi announced that they had reached an agreement with the government regarding the sale of an additional 16% interest in Maroc Telecom to Vivendi. Until 2006, Maroc Telecom was the sole provider of fixed-line telecommunications services and the main provider of Internet and data services in the Moroccan market. In 2005, these markets were opened to competition, with the grant of fixed-line licenses to two new operators that began operating in 2007. In December 2007, pursuant to a share exchange transaction with Caisse de Dépôt et de Gestion du Maroc , Vivendi acquired an additional 2% interest in Maroc Telecom.
Avenue Anakhil Hay Riad - Rabat – Maroc; Telephone: +212 537 71 90 00 Telefax: +212 537 71 48 60
Maroc Telecom is a fixed and mobile telecommunications operator and Internet access provider. The principal fixed-line telecommunications services provided by Maroc Telecom are: telephony services; interconnection services with national and international operators; data transmission services for professional customers and Internet service providers, as well as for other telecom operators; Internet services (which include Internet access services and related services such as hosting); and television via ADSL. In September 2006, in order to build customer loyalty and attract new clients, Maroc Telecom launched a new unlimited fixed telephony offering under the brand “Phony”, allowing customers to make unlimited local and national calls to Maroc Telecom fixed-line numbers. Data transmission services provided by Maroc Telecom to corporate customers include X25, frame relay, digital and analog lease lines and IP VPN links. Maroc Telecom has an extensive direct and indirect distribution network comprising more than 45,000 points-of-sale which are subject to distribution agreements entered into with local resellers or national retailers. Maroc Telecom manages a fully digital network and a fiber optic interurban transmission infrastructure capable of carrying data at high speed. To meet the needs of Internet users, the international Internet bandwidth has more than doubled from 12.1 Gbits/s at year-end 2006 to 25.1 Gbits/s at year-end 2008. In July 2007, in response to the increasing need for international bandwidth for offshore activities and Internet broadband in Morocco, Maroc Telecom installed a submarine cable network named Atlas Offshore between Asilah and Marseille with a capacity of 40 Gbits/s, which can be increased to 320 Gbits/s. In mobile telephony, Maroc Telecom has focused on enhancing both population and geographic coverage. At year-end 2008, Maroc Telecom had more than 5,400 2G sites (compared to 5,000 in 2007) and over 1,100 3G stations (compared to 400 in 2007) covering more than 97% of the Moroccan population. As of December 31, 2008, Maroc Telecom had entered into a total of 466 roaming agreements with operators in 214 countries for its post-paid customers. In addition, Maroc Telecom also offers its pre-paid customers roaming through 89 operators in 54 countries, MMS and GPRS roaming through 116 operators in 75 countries, and 3G services with 12 operators in 11 countries.
Total: 44,243; Morocco: 13,411 employees
Revenues by Business Segment
Revenues by Geographical Zone
Maroc Telecom is Morocco’s largest fixed and mobile telecommunications operator and Internet access provider with 14.4 million cell phone customers and approximately 1.3 million fixed line customers. At year-end 2008, the market penetration rate for mobile telephony in Morocco was 74% and Maroc Telecom held a 63.4% market share.
“Our objective is to outperform our competitors. We strive to advance our competitive position by building upon our historical strengths, and our commitment to quality in all that we do.”
“Vivendi’s strategy is aimed at strengthening its leading position in telecommunications and entertainment through the production and distribution of content and services, by capitalizing on the needs of the entertainment industry, the strength of its engineers, creative teams and major brands. The Vivendi group’s business lines have numerous common points: they each belong to the digital and new technologies sector and they are aimed specifically at end-consumers through the leveraging of strong brands (i.e., Activision Blizzard, UMG, SFR, Maroc Telecom and Canal+) which provide customers with subscription-based access to digital quality and creative content. These common points give Vivendi competitive advantages through fruitful know-how and advanced technology sharing, which in turn generate considerable expertise in the management of subscribers, brands, distribution platforms, creation and copyrights. Vivendi intends to rely on the success of its subscriber-based economic model: the group’s expertise mainly relies on subscriber gains and the management of subscribers’ revenue and loyalty. This model gives Vivendi a significant advantage, because it is a recurring and therefore predictable source of revenue. Combined with a high level of customer response, it allows the group to offer innovative new services to address the growing demand for mobility and high-speed services. The digitalization of content and the development of online consumer communities, together with the increasing development of high-speed communications, create major challenges and opportunities that Vivendi strives to anticipate in order to identify the growth drivers of its business units. Investment projects are selected based on the results of a multi-criteria analysis: the ability to generate growth having an impact on increased adjusted net income per share as well as the group’s ability to generate cash; the return on capital employed versus the weighted average cost of capital, as well as the medium and long term return on investment; and in-depth risk assessment. They are reviewed by the Vivendi Investment Committee, followed by the Management Board, while the most significant investments are reviewed by the Strategy Committee of the Supervisory Board followed by the Supervisory Board itself. Each investment is also subject to a “post-acquisition audit” intended to analyze and assess actual results. In 2008, the group continued to focus on its results and the development of its businesses’ performance, and to invest in the strengthening of its businesses in their respective markets as well as growth creation.”
The Moroccan government continued the privatization of Maroc Telecom by conducting an equity offering of 14.9% of Maroc Telecom’s share capital. The success of the equity offering led to the simultaneous listing of Maroc Telecom on the Casablanca and Paris stock exchanges on December 13, 2004. In 2006, the Kingdom of Morocco sold 0.1% of Maroc Telecom’s share capital to the market. On July 2, 2007, the Moroccan State sold 4% of the capital of Maroc Telecom on the Casablanca Stock Exchange. This sale was reserved for Moroccan and international institutional investors. Following completion of the transaction, the Moroccan State decreased its share of the capital and voting rights of Maroc Telecom to 30% and the free float of the share capital rose from 15% to 19%. The Agence Nationale de Réglementation des Télécommunications (ANRT) prepares research and regulatory acts regarding the telecommunications sector and verifies operators’ compliance with the regulations in force. The ANRT published a policy paper regarding the liberalization of the telecommunications sector for the 2004-2008 period. The various steps in the liberalization process relating to Maroc Telecom were as follows: the Maroc Telecom fixed telephony interconnection catalog for 2008 at a tariff of 35 dirhams and 100 dirhams per month; and on June 1, 2007, number portability became operational in agreement with the ANRT and all operators. Maroc Telecom fulfils its obligations by providing universal service. Universal service obligations in Morocco comprise telecommunication services including: telephone service of a specified quality at affordable prices, value-added services, the content and performance standards being set forth in the contract specifications of operators of public telephony networks (including services allowing Internet access), the routing of emergency calls and the provision of an information service and a telephone directory in printed or electronic form. Maroc Telecom is required to dedicate 2% of its revenues, exclusive of tax and interconnection fees, to universal service by applying the pay-or-play principle, which offers a choice of paying all or part of one’s contribution to the universal service fund and/or creating programs approved by the universal service management committee.
In 2008 Maroc Telecom rolled out mobile 3G+ services in Morocco’s major cities and launches innovative and attractive new services in addition to its 3G+ mobile high-speed Internet; in compliance with the Universal Service Program Agreement, Maroc Telecom undertook to provide cell phone coverage for 7,338 additional cities until 2011 (representing 80% of the Program Agreement), corresponding to an estimated investment of 2.8 billion Moroccan dirhams; Maroc Telecom launched a prepaid Internet 3G+ service providing a greater number of people total mobility with mobile access to the Internet, without commitment, subscription or invoicing. Customers gain Internet access including full search functionality, messaging, navigation and downloading functions; and Maroc Telecom offered customers who subscribe to its Forfaits Particuliers (“Private Subscription”) the opportunity to call their landline correspondents in Europe and North America at domestic call rates. In May 2009 Maroc Telecom secured a US$ 1.3 billion investment programme, mostly financed by the Moroccan government. The programme will see major improvement and modernisation of Morocco's fixed-line and mobile networks, but also a new fiber optic cable to France and through Western Sahara into Mauritania. According to a statement issued by Maroc Telecom, "the investment programme will be devoted to the extension and modernisation of telecommunications infrastructure and will focus on three key thrusts." The first objective would be to "support capacity enhancement with the aim of ensuring optimal traffic management and service quality through the use of Next Generation Network (NGN) while also enabling the deployment, under optimal conditions, of convergence services in the Fixed-line and Mobile services segments in order to roll out unlimited call plans, IPTV and broadband internet" in Morocco proper. The second objective is to enhance its international transmission capacity via the Atlas Offshore submarine cable between Morocco and Europe. The third objective involves providing coverage across major rural areas and isolated mountain communities in Morocco as part of the Telecommunications Access Programme (PACTE). An additional 7,300 rural areas will be served by the telecommunications network by 2011.