Méditel

Méditel

Industry	Telecommunications
Headquarters	Morocco
Products	Mobile phone lines
Website	[1]

Méditel (or Médi Télécom) 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.

Ownership

The initial ownership 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.^[1] 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 Telecom, 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 Telecom. The offer was 75 million Moroccan dirhams.

References

1. ^ Telefonica, Portugal Telecom exit Morocco

External links

• Méditel website

	edit   Moroccan telecommunications companies
	Maroc Telecom | Méditel | Inwi