Maroc Telecom: brands it owns and its ownership tree
Maroc Telecom (EPA: IAM) is a publicly listed company headquartered in Rabat, Morocco that owns 5 consumer brands.[1][2][3]
Maroc Telecom is Morocco's fixed, mobile and internet operator, created on 26 February 1998 when the state split up its post and telecoms office, the ONPT. It is listed in both Casablanca and Paris. Its reference shareholders are SPT, a Moroccan company controlled by Etisalat, with 53%, and the Kingdom of Morocco with 22%. Outside Morocco it runs ten operators under the Moov Africa brand. At the end of 2025 the group had nearly 77 million customers, and it reported 36.7 billion dirhams of revenue, with the African subsidiaries now bringing in slightly more than Morocco.
-
brands owned
-
1
categories
-
0
acquisitions recorded
-
0
divestitures recorded
Company facts
- Legal name
- Itissalat Al-Maghrib SA (also IAM, Itissalat Al-Maghrib)
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇲🇦 Rabat, Morocco
- Founded
- 1998
- Tickers
- EPA: IAM
- Website
- www.iam.ma
- Last verified
- · 3 sources
Maroc Telecom in numbers
- Maroc Telecom owns 5 consumer brands tracked here across 1 top-level categories; the largest is telecom with 5 brands.[1]
- 3 of its brands originated outside Morocco.
Everything Maroc Telecom owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- Gabon Telecom (51%)
- Maroc Telecom
- Moov Africa
- Moov Africa Côte d'Ivoire (85%)
- Onatel (61%)
Full-screen interactive tree →
Brand portfolio by category
Telecom (5)
- Gabon Telecom (51%)
- Maroc Telecom
- Moov Africa
- Moov Africa Côte d'Ivoire (85%)
- Onatel (61%)
Minority stakes, joint ventures and licences
- Sotelma — minority stake 44%[1]Maroc Telecom bought 51% on 31 July 2009 and, at 30 June 2025, sold 7% to the State of Mali, leaving 44%. A shareholders' agreement between the two main shareholders keeps Maroc Telecom in control, and it still consolidates Sotelma in full.
- Mauritel — minority stake 41.2%[1]Maroc Telecom acquired 51.5% of the voting rights on 12 April 2001. Mauritel is held through Compagnie Mauritanienne de Communications (CMC), 80% owned by Maroc Telecom, so its economic interest is 41.2%. Maroc Telecom has consolidated Mauritel in full since 1 July 2004.
Recent changes to this record
Frequently asked questions
What brands does Maroc Telecom own?
Maroc Telecom owns 5 consumer brands tracked here, including Moov Africa, Gabon Telecom, Maroc Telecom, Onatel and Moov Africa Côte d'Ivoire.
Is Maroc Telecom a Moroccan company?
Yes. Maroc Telecom is headquartered in Rabat, Morocco and was founded in 1998.
Who owns Maroc Telecom?
Maroc Telecom is a publicly listed company owned by its shareholders; it trades as IAM on the EPA.
Sources (3) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Maroc Telecom — Rapport financier annuel 2025 — Itissalat Al-Maghrib (Maroc Telecom) SA, Annual report; retrieved 27 October 2026.
- [2] Maroc Telecom — Résultats consolidés au 30 septembre 2025 — Itissalat Al-Maghrib (Maroc Telecom) SA, Official press release, published 24 October 2025; retrieved 27 October 2026.
- [3] Euronext Paris — MAROC TELECOM (IAM, MA0000011488) — Euronext, Stock exchange filing; retrieved 27 October 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.