Méditel
Encyclopedia
Méditel is one of three licensed telecommunications operators in Morocco
. Its headquarters is based in Casablanca
.
Méditel obtained the second license of mobile telephony
in Morocco in 1999. It began its commercial operations on March 29, 2000.
structure was composed of five shareholders: Portugal Telecom
(32.18%), Telefónica
(32.18%), FinanceCom, the first Moroccan financial group (18.06%), the Moroccan industrial group HoldCo (CDG
+ Akwa Group
(17.59%). However, in September 2009, Portugal Telecom and Telefónica sold their stakes to local investors.
FinanceCom and CDG now own equal parts (50%). In 2010, France Telecom closed to buy 40 percent of Moroccan telecoms operator Meditel for 640 million euros ($840 million).
, the leader in the Moroccan market.
Meditel is a multi service operator offering consumer and business solutions using various technologies including GSM (900 MHz), WIMAX, GPRS and lately was one of the first operators in the world to offer HSDPA mobile 3G+ internet solutions.
The company has been ranked the 12th largest company in Morocco and employs close to 1000 people directly and more than 12 000 indirectly.
. The offer was 75 million Moroccan dirham
s.
Morocco
Morocco , officially the Kingdom of Morocco , is a country located in North Africa. It has a population of more than 32 million and an area of 710,850 km², and also primarily administers the disputed region of the Western Sahara...
. Its headquarters is based in Casablanca
Casablanca
Casablanca is a city in western Morocco, located on the Atlantic Ocean. It is the capital of the Grand Casablanca region.Casablanca is Morocco's largest city as well as its chief port. It is also the biggest city in the Maghreb. The 2004 census recorded a population of 2,949,805 in the prefecture...
.
Méditel obtained the second license of mobile telephony
Mobile telephony
Mobile telephony is the provision of telephone services to phones which may move around freely rather than stay fixed in one location. Mobile phones connect to a terrestrial cellular network of base stations , whereas satellite phones connect to orbiting satellites...
in Morocco in 1999. It began its commercial operations on March 29, 2000.
Ownership
The initial ownershipOwnership
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties. The concept of ownership has...
structure was composed of five shareholders: Portugal Telecom
Portugal Telecom
Portugal Telecom is the largest telecommunications service provider in Portugal. Although it operates mainly in Portugal and Brazil, it has also a significant presence in Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic of China, and São Tomé and...
(32.18%), Telefónica
Telefónica
Telefónica, S.A. is a Spanish broadband and telecommunications provider in Europe and Latin America. Operating globally, it is the third largest provider in the world...
(32.18%), FinanceCom, the first Moroccan financial group (18.06%), the Moroccan industrial group HoldCo (CDG
CDG
CDG may refer to:* IATA code for Charles de Gaulle Airport, in Paris, France* Congenital disorder of glycosylation also known as "CDG Syndrome"* Costume Designers Guild...
+ Akwa Group
Akwa Group
Akwa Group is a major Moroccan conglomerate company headquartered in Casablanca. The company is primarily an oil and gas company, and owns the Afriquia brand.-Operations:Gasoline/petrol, diesel, motor oil, auto service, etc...
(17.59%). However, in September 2009, Portugal Telecom and Telefónica sold their stakes to local investors.
FinanceCom and CDG now own equal parts (50%). In 2010, France Telecom closed to buy 40 percent of Moroccan telecoms operator Meditel for 640 million euros ($840 million).
Figures
By the end of 2008, Méditel counted approximately 7.8 million users with revenues over 5 Billion MAD (approx 450 Million Euros) and EBITDA of more than 2.3 Billion MAD. It is the second Moroccan mobile operator, following Maroc TelecomMaroc Telecom
Maroc Telecom is the main telecommunication company in Morocco.IAM employs around 11,178 employees. It has 8 regional delegations with 220 offices present on all the territory of Morocco.IAM is controlled by Vivendi which has a 53% share of its capital...
, the leader in the Moroccan market.
Meditel is a multi service operator offering consumer and business solutions using various technologies including GSM (900 MHz), WIMAX, GPRS and lately was one of the first operators in the world to offer HSDPA mobile 3G+ internet solutions.
The company has been ranked the 12th largest company in Morocco and employs close to 1000 people directly and more than 12 000 indirectly.
Activities
In July 2005, Médi Telecom obtained a license of fixed telephony, the second license granted in Morocco after that of its rival Maroc TelecomMaroc Telecom
Maroc Telecom is the main telecommunication company in Morocco.IAM employs around 11,178 employees. It has 8 regional delegations with 220 offices present on all the territory of Morocco.IAM is controlled by Vivendi which has a 53% share of its capital...
. The offer was 75 million Moroccan dirham
Moroccan dirham
The dirham is the currency of Morocco. The plural form is pronounced darahim, although in French and English "dirhams" is commonly used. Its ISO 4217 code is "MAD". It is subdivided into 100 santimat . The dirham is issued by the Bank Al-Maghrib, the central bank of Morocco...
s.