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1Q08 Mobile Forecast: Morocco, 2007 - 2010
IE Market Research Corp., Jan 2008


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IEMR’s Mobile Forecast on Morocco provides over 65 operational and financial metrics for the Morocco wireless market. We cover quarterly historical data starting in 3Q2003 and ending in 3Q2007. We also provide four-year forecasts at the operator level going out to 2010. Operators covered for Morocco include: Maroc Telecom, and Medi Tel. Our Mobile Forecasts are updated quarterly and are available for one-time delivery or through regular updates.

Notable highlights of the 1Q08 Morocco Mobile Forecast include:

- Total subscribers will increase from our projected 20.2 million to a forecasted 26.8 million over the forecast period of 2007 - 2010. The penetration level will increase from 65.7% to 78.9%.

- There are only two major wireless operators in Morocco. In 2010, Maroc Telecom will serve 62.8% of subscribers whereas Medi Tel will serve 32.7% of the subscriber base. We expect the two operators to post similar subscriber growth rates during the forecast period of 2007 - 2010.

- Maroc Telecom will continue to enjoy a higher EBITDA margin at 58.0% while Medi Tel is forecasted to have a 42.0% EBITDA margin in 2010.

- In 2010, Maroc Telecom is forecasted to register ARPU of US$ 13.10 per month as opposed to US$ 8.51 for Medi Tel.





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