THE MIDDLE EAST’S

63. Maroc Telecom

Country: Morocco
Sector: Telecommunications
Chairman of the Managing Board: Mohamed Benchâaboun
Market Value: $10.9 billion
Sales: $4 billion
Profits: $287 million
Assets: $7.6 billion

Established in 1998 after the split of the National Post and Telecommunications Office, Maroc Telecom is Morocco's primary telecommunications operator with a customer base of 80 million customers. The company is a subsidiary of e& with a shareholding of 53%. In March 2025, Maroc Telecom settled with Wana Corporate (Inwi) in a competition law dispute, reducing a previously court-mandated compensation from $626.3 million to $472 million. Alongside the settlement, the two companies entered into a strategic partnership to establish two joint ventures for deploying fiber-optic infrastructure and new telecom towers.