Telco Sector Expands in Morocco
The telecom sector in Morocco continues on its growth momentum in 2010 driven by sustain expansion of the mobile phone segmen. This trend was recently confirmed when France Telecom decided to acquire a substantial equity in second largest carrier Meditel. CFG (Casablanca Finance Group) Analysts say sustaining its positive performance in 2009, following the growth of the mobile subscriber base which increased by 10.9% year over year, the mobile market maintained a remarkable performance in the first quarter of 2010.
By the end of 1Q10, the number of mobile subscribers in Morocco expanded by 6.8% sequentially and by a solid 15% year over year to 27 million users. As such, mobile penetration in Morocco stands at over 85.8%, up 7% boost from 2009.
From a competitive standpoint, Maroc Telecom remains unchallenged, dominating the market with a share 57.6% in 1Q10. Yet competition is tightening with rival Meditel getting expertise and resources from France Telecom. Meditel currently holds some 37.6% market share, followed by smaller provider Wana with 4.8%. Click here to read the assessment | or click here to subscribe.