At a glance
Maroc Telecom (Itissalat Al-Maghrib) provides mobile and fixed telephony, internet and mobile payment services. More than half of its revenue now comes from outside Morocco, through its subsidiaries in West and Central Africa.
History
The company was created in 1998, when telecommunications were split from the postal service. It was listed in December 2004 on the Casablanca Stock Exchange and in Paris. The Emirati group e& (Emirates Telecommunications) is its majority shareholder, alongside the Moroccan state.
Latest published results
In the first half of 2026, consolidated revenue exceeded MAD 19 billion, up 5.4%. In Morocco it reached MAD 9.4 billion (+2.2%), driven by mobile data (+20.2%). Internationally it rose 7.5% to MAD 10.14 billion. The group has more than 77 million customers (+2.9%).
What to watch
How data revenue offsets the decline in voice, and the growth of mobile payment services in Africa.
Key dates
- 1998
Maroc Telecom is created, separated from the postal service.
- 2001
The state sells 35% of the capital to Vivendi.
- 2004
Listing in Casablanca and Paris.
- 2006
Acquisition of 51% of ONATEL in Burkina Faso.
- 2007
Vivendi raises its stake to 53%.
- 2013
Vivendi announces the sale of its 53% stake to the Emirati group Etisalat, now e&.
- 2015
4G+ launched in Morocco.
- 2025
5G launched in Morocco's major cities.
- 2026
More than 77 million customers and half-year revenue above MAD 19 billion.
Sources: TelQuel, Maroc Telecom : le chiffre d'affaires consolidé dépasse 19 milliards de DH à fin juin 2026, July 22, 2026; AMMC, fiche émetteur Itissalat Al-Maghrib; Wikipedia, Maroc Telecom.
Profile updated on October 29, 2026.