Home / Companies / Itissalat Al-Maghrib (Maroc Telecom) S.A.
Itissalat Al-Maghrib (Maroc Telecom) S.A.
Jurisdiction: MoroccoRegistry ID: Listed on the Casablanca Stock Exchange and Euronext Paris (ticker IAM)Entity ID: ent_maroc-telecom_1
status: activeas of 31 Oct 2026reviewed 31 Oct 2026draft
Identity
Trading names: Maroc Telecom, IAM
Incorporated: 1998
Sector: Telecommunications
exchange_listing: Casablanca Stock Exchange and Euronext Paris (dual listing, ticker IAM) A Euronext Paris, Euronext listing — Maroc Telecom (IAM) (1 Jan 2024) · retrieved 31 Oct 2026
Operations
Countries: Morocco, and several sub-Saharan African markets (including Mauritania, Burkina Faso, Gabon, Mali, Cote d'Ivoire, Benin, Togo, Niger, Central African Republic and Chad)
Services: Fixed-line telephony, Mobile telephony, Internet and data services
Attributed claim · as of 31 Oct 2026
Maroc Telecom describes itself as Morocco's historic telecommunications operator with fixed, mobile and internet services, and a group footprint across several sub-Saharan African countries; it reports being majority-controlled by the Emirates Telecommunications Group (e&), with the Kingdom of Morocco retaining a significant stake. — Itissalat Al-Maghrib (Maroc Telecom) S.A.
B Itissalat Al-Maghrib (Maroc Telecom), Maroc Telecom annual report / document de reference (1 Mar 2025) · retrieved 31 Oct 2026
Assessment
What is confirmed, what is attributed, what is disputed and what remains open — kept separate by design.
Confirmed fact · as of 31 Oct 2026
Itissalat Al-Maghrib (Maroc Telecom) is Morocco's incumbent telecommunications operator, dual-listed on the Casablanca Stock Exchange and Euronext Paris under the ticker IAM.
A Bourse de Casablanca, Casablanca Stock Exchange issuer record — Itissalat Al-Maghrib (Maroc Telecom) (1 Jan 2024) · retrieved 31 Oct 2026 · A Euronext Paris, Euronext listing — Maroc Telecom (IAM) (1 Jan 2024) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
Maroc Telecom states it operates fixed, mobile and internet services in Morocco and across several sub-Saharan African markets, and that it is majority-controlled by the Emirates Telecommunications Group (e&) with the Kingdom of Morocco retaining a significant stake. — Itissalat Al-Maghrib (Maroc Telecom) S.A.
B Itissalat Al-Maghrib (Maroc Telecom), Maroc Telecom annual report / document de reference (1 Mar 2025) · retrieved 31 Oct 2026
Disputed point · as of 31 Oct 2026
In January 2024 a Moroccan commercial court ordered Maroc Telecom to pay rival Inwi about 6.3 billion dirhams for anti-competitive practices in providing access to its fixed network, and an appeals court upheld the ruling in July 2024. Maroc Telecom stated it would contest the decision. The matter traces to findings by the telecom regulator ANRT that Maroc Telecom had abused its dominant position.
A civil damages judgment in Morocco, upheld on appeal; the company's contesting position is recorded alongside the ruling.
C Total Telecom (reporting), Maroc Telecom ordered to pay rival Inwi EUR636m for anti-competitive practices (29 Jan 2024) · retrieved 31 Oct 2026 · C AGBI (Arabian Gulf Business Insight), UAE telco e& loses appeal in Moroccan antitrust case (1 Jul 2024) · retrieved 31 Oct 2026
Unanswered question · as of 31 Oct 2026
Exact shareholding percentages, the final amount payable after any further appeal, and period financial figures should be read from the company's reference document and audited statements for the relevant year.
B Itissalat Al-Maghrib (Maroc Telecom), Maroc Telecom annual report / document de reference (1 Mar 2025) · retrieved 31 Oct 2026
Evidence library
Full evidence library → — primary records first.
regulatory notice · 1 Jan 2024
Casablanca Stock Exchange issuer record for Itissalat Al-Maghrib (Maroc Telecom), ticker IAM.
A Bourse de Casablanca, Casablanca Stock Exchange issuer record — Itissalat Al-Maghrib (Maroc Telecom) (1 Jan 2024) · retrieved 31 Oct 2026
Relevance: Primary exchange record establishing listed identity in Morocco.
regulatory notice · 1 Jan 2024
Euronext Paris listing record for Maroc Telecom (IAM), evidencing the dual listing.
A Euronext Paris, Euronext listing — Maroc Telecom (IAM) (1 Jan 2024) · retrieved 31 Oct 2026
Relevance: Primary record of the Paris listing.
company statement · 1 Mar 2025
Maroc Telecom annual report / document de reference describing its Moroccan and sub-Saharan operations and its shareholding structure (e& as controlling shareholder, the Moroccan state as a significant holder).
B Itissalat Al-Maghrib (Maroc Telecom), Maroc Telecom annual report / document de reference (1 Mar 2025) · retrieved 31 Oct 2026
Relevance: Company source for operational scope and ownership.
reporting · 29 Jan 2024
Reporting that a Moroccan commercial court ordered Maroc Telecom in January 2024 to pay rival operator Inwi (Wana Corporate) about 6.3 billion dirhams (around EUR 636 million / USD 640 million) in damages for anti-competitive practices relating to access to its fixed network (local-loop unbundling).
C Total Telecom (reporting), Maroc Telecom ordered to pay rival Inwi EUR636m for anti-competitive practices (29 Jan 2024) · retrieved 31 Oct 2026
Relevance: Documents a major competition-law judgment against the company; the matter originates in regulatory findings by the telecom regulator ANRT.
reporting · 1 Jul 2024
Reporting that in July 2024 a Moroccan appeals court upheld the ruling against Maroc Telecom in the Inwi anti-competitive-practices case; Maroc Telecom had said it would contest the decision.
C AGBI (Arabian Gulf Business Insight), UAE telco e& loses appeal in Moroccan antitrust case (1 Jul 2024) · retrieved 31 Oct 2026
Relevance: Establishes that the judgment was upheld on appeal, while recording the company's contesting position.
Claim reviews
Limitations. This dossier indexes public records; it does not adjudicate disputes, certify standards or screen sanctions. Absence of a record is not proof of absence. See methodology and corrections & response.