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|Traded as||Euronext: IAM|
|Founded||February 3, 1998|
|Abdeslam Ahizoune, Chairman & CEO|
Laurent MAIROT, CFO
|Products||Land line phones, Mobile phone lines, Fiber Optic , Internet access, 4G+|
|Revenue||US$ 3,6 billion (2018)|
|US$ 610 million (2018)|
|Owner||Etisalat (53.09%) Moroccan government (30%)|
Number of employees
IAM employs around 11,178 employees. It has 8 regional delegations with 220 offices present on all the territory of Morocco. The company is listed on both the Casablanca Stock Exchange and Euronext Paris.
In 2006, the company reported a turnover of $2.67 bn. The custom base was established at 1.27m lines for the landline and at 391,000 lines for the ADSL.
From postal services to telephony
The acronym IAM of Maroc Telecom comes from its original Arabic name Ittisalat Al Maghrib. The name "Maroc Telecom" was adopted later for better international recognizability.
The origin of a Moroccan telecommunication project dates back to 1891 when Sultan Hassan I created the first Moroccan postal service. In 1913, the Moroccan Postal Telephone and Telegraph was established before a Dahir (King's decree) related to the monopoly of the state of Telegraphy and Telephony was published.
In 1967, Morocco placed the first underwater cable between Tetouan, Morocco, and Perpignan, France, through the Mediterranean. A few years later, in 1970, a transmission via INTELSAT was introduced. The Telex service was then automated in 1971 just before installing a digital center in Fes.
Due to the advancement of telecommunications around the globe, Morocco decided to create a new entity called the Office National des Postes et Télécommunications (ONPT) to manage the industry. ONPT was responsible of the introduction of Analog Mobile Radiotelephony in 1987. Later on, in 1992, Morocco set up the first underwater optical fiber cable. Two years later, a GSM service was operational.
The Internet was introduced in Morocco by ONPT in 1995. Although, the service remains usually slow, with Maroc Telecom, typically less than half, and sometimes only a tenth, of promised Internet speeds of up to 20 Mbit/s.
The birth of IAM
After the publication of a telecommunications' decree, Maroc Telecom (IAM) was founded in 1998.
On 20 February 2001 the Moroccan government sold 35% of Maroc Telecom's shares to French mass media company Vivendi. The transaction amounted to 23 Billion dirhams. On 4 January 2005 Vivendi acquired an additional 16% for 12.4 billion dirhams raising its participation to 51%. In October 2007, the CDG ceded, via its subsidiary Filpar Holding, 2% of Maroc Telecom to Vivendi in exchange of 0.6% of Vivendi's shares, putting the total shares owned by Vivendi to 53%.
IAM has three main activities:
It consists of the provision of public phones throughout Morocco. The fixed park reaches 1.6 million lines.
Mobile services are provided via a GSM network. Maroc Telecom counted 33 million customers at the end of October 2012. Its network covers 97% of the Moroccan population. It also has 12.5 million customers in Mali, Gabon, Burkina Faso and Mauritania. It is one of the most profitable phone operators in Africa with a revenue of 2.2 billion euros during the first 9 months of 2012.
Projects and investments
In July 2006 Maroc Telecom signed with the French telecommunications equipment company Alcatel a contract for a submarine cable network connection between Morocco and France. Morocco Telecom's aim is to upgrade the capacity of its services (i.e.broadband services, call centers...). The project cost € 26 million and was named "Atlas Offshore".
- Communications in Morocco
- Internet censorship in Morocco
- List of telephone operating companies
- Maroc Telecom HQ
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