course of action

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Filiales et Participations
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MOOV operators

MOOV operators   :

On January 26, 2014 Maroc Telecom completed the acquisition of Etisalat's subsidiaries in Benin, Ivory Coast, Gabon, Niger, the Central African Republic and Togo. In terms of business activity, these subsidiaries only have operations in the Mobile segment, divided into prepaid and postpaid.
This acquisition also concerns Prestige Telecom, which provides IT services on behalf of Etisalat subsidiaries in these countries.
The final transaction price was €474 million, corresponding to the buyout of Etisalat’s interest in these operators as well as to the redemption by Maroc Telecom of shareholder loans.

Macroeconomic indicators:


Benin

Ivory Coast

Niger

Central African Republic

Togo

 

2012

2013

2014

2012

2013

2014

2012

2013

2014

2012

2013

2014

2012

2013

2014

Population (000)

10,051

10,321

10,592

23,368

24,069

24,791

16,102

16,601

17,116

4,522

4,611

4,701

6,643

6,818

6,998

GDP per inhabitant (USD)

1,717

1,793

1,874

2,530

2,710

2,902

960

984

1,032

949

604

608

1,338

1,390

1,455

GDP growth

5.4%

5.6%

5.5%

10.7%

8.7%

8.5%

11.1%

4.1%

6.3%

4.1%

-36.0%

1.0%

5.9%

5.1%

5.6%

Inflation

6.7%

1.0%

1.7%

1.3%

2.6%

0.6%

0.5%

2.3%

-1.1%

4.5%

4.6%

4.7%

2.6%

1.8%

1.5%

 

 

 

Source: IMF, October 2014

Performance

The following table summarizes the main operational and financial data on Maroc Telecom’s new subsidiaries   :

 

Unit

2014

Operational Indicators

 

 

Mobile customer base

(in thousands)

9,824

Financial Indicators

 

 

Total revenues *

(MMAD)

5,082

EBITDA

(MMAD)

1,202

* Excluding Prestige Telecom