DOCSLIB.ORG

Universal Registration Document

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Un monde nouveau vous appelle 2019 UNIVERSAL REGISTRATION DOCUMENT (New version of the Registration Document) including the annual financial report CONTENTS GROUP OVERVIEW 05 MESSAGE 1 FROM THE 1.1 Maroc Telecom in brief 06 CHAIRMAN 1.2 2019 Highlights 08 OF THE 1.3 2019 Key figures 12 MANAGEMENT 1.4 Group outlook and strategy 14 BOARD 02 CORPORATE 2 RISK FACTORS AND OPERATIONAL GOVERNANCE 03 CONTROL FRAMEWORK 17 2.1 Risk factors 18 2.2 Operational control framework 29 3 INFORMATION ABOUT THE COMPANY 35 3.1 Person responsible for the Universal Registration Document and for the audit of the financial statements 36 3.2 Information about the Company and corporate governance 38 4 DESCRIPTION OF THE GROUP, BUSINESS OPERATIONS AND LEGAL AND ARBITRATION PROCEEDINGS 79 4.1 Description of the Group 80 4.2 Description of operations 91 4.3 Legal and arbitration proceedings 132 5 FINANCIAL REPORT 135 5.1 Consolidated results of the past three years 136 5.2 Overview 138 5.3 Consolidated financial statements at December 31 2017, 2018 and 2019 148 5.4 Statutory financial statements 191 5.5 Statutory auditor’s special report 214 6 RECENT DEVELOPMENTS 223 Ordinary general meeting of April 29, 2020 224 ANRT decision 224 Withdrawal of Inwi lawsuit 224 Covid-19 impact 225 7 NOTES TO THE FINANCIAL STATEMENTS 227 Cross-reference table 228 Cross-reference table for the annual fi nancial report 230 2019 annual information document 230 Fees paid to the Statutory auditors 231 Glossary 236 2019 UNIVERSAL REGISTRATION DOCUMENT (New version of the Registration Document ) including the annual financial report This Universal Registration Document was submitted on April 27 , 2020 to the AMF in its capacity as the French fi nancial regulator under Regulation (EU) 2017/1129 without prior approval pursuant to Article 9 of said regulation. The Universal Registration Document may be used when stocks and shares are sold to the public or listed on a regulated market if it is accompanied by a securities Note and, where applicable, a summary as well as any supplements to the Universal Registration Document. Once approved by the AMF under Regulation (EU) 2017/1129, these documents constitute a prospectus. MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT 01 MESSAGE FROM THE CHAIRMAN OF THE MANAGEMENT BOARD ABDESLAM AHIZOUNE In 2019, the Maroc The Group’s involvement in the Telecom Group continued its service of communities goes beyond drive to improve its operational telecommunications. Maroc Telecom and performance, confirming the its subsidiaries are working actively to appropriateness of our strategy, fi nd the right balance between economic which is based on investing in next- competitiveness, social development generation technologies and designing and respect for the environment. Along innovative off ers that are tailored to our with the thousands of direct and indirect customers ’ expectations and accessible to jobs created, the Maroc Telecom Group is as many people as possible. strengthening its commitment to those working on educational, humanitarian, ◆ 2019 was marked by new progress in all Maroc Telecom cultural, sports and environmental aspects of the digital transformation of the issues. This is the approach of a socially and its subsidiaries Group, which continues to work towards responsible company which is committed are actively improving the customer experience and the to fully contributing to bridging the digital working environment of our employees. divide and value creation. working to fi nd Our customers are now able to perform, the right balance remotely and at any time, all transactions relating to their Mobile, Fixed or Internet between economic lines. The working environment is changing as a result of the simplifi cation of processes competitiveness, and more collaborative ways of working. social development and respect for the environment .◆ 02 MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT CORPORATE GOVERNANCE MANAGEMENT BOARD ♦ Abdelkader MAAMAR, ♦ Abdeslam AHIZOUNE, ♦ François VITTE, Managing Director Chairman of the Managing Director Services Management Board Administration & Finance (CFO) ♦ Brahim BOUDAOUD, ♦ Hassan RACHAD, Managing Director, Managing Director Legal and Regulatory Networks and Systems Aff airs Maroc Telecom also has eight regional offi ces which report to the Chairman of the Management Board. SUPERVISORY BOARD CHAIRMAN DEPUTY CHAIRMAN ♦ Mohamed BENCHÂABOUN, ♦ Obaid BIN HAMAID AL TAYER, Minister of Economy and of Finance Chairman of the Board of Etisalat Group MEMBERS ♦ Abdelouafi LAFTIT, ♦ Saleh AL ABDOOLI, Minister of the Interior Managing Director of Etisalat Group ♦ Abderrahmane SEMMAR, ♦ Mohamed Saif AL SUWAIDI, Manager of the Department in charge of State Owned Managing Director of Abu Dhabi Fund for Development Enterprises and Privatization at the Ministry of Economy ♦ Hatem DOWIDAR, and Finance Managing Director of Etisalat International ♦ Mohamed HADI AL HUSSAINI, ♦ Serkan OKANDAN, Board member of Etisalat Group Chief Financial Officer of Etisalat Group MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT 03 Un monde nouveau vous appelle 04 MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT 1 1.1 Maroc Telecom in brief 06 GROUP 1.2 2019 Highlights 08 OVERVIEW 1.3 2019 Key fi gures 12 1.4 Group outlook and strategy 14 1.4.1 Moroccan telecom market outlook and Maroc Telecom’s business strategy 14 1.4.2 International outlook and strategy of Maroc Telecom’s sub-Saharan subsidiaries 15 1.4.3 Maroc Telecom’s sustainable development strategy 15 MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT 05 GROUP OVERVIEW 1 MAROC TELECOM IN BRIEF 1.1 • Maroc Telecom in brief A major player in the economic and social development of 11 African countries Morocco 100% 100% Niger CASANET MAROC MAROC AT NIGER TELECOM TELECOM Chad Mauritania 51.5% 100% MAROC TIGO CHAD MAURITEL MAROC TELECOM* TELECOM Mali 51% SOTELMA MAROC TELECOM 61% Burkina Faso MAROC ONATEL TELECOM Côte d’Ivoire 85% AT CÔTE D’IVOIRE MAROC TELECOM 100% Central African Republic MAROC AT CENTRAFRIQUE TELECOM Togo 95% AT TOGO MAROC TELECOM 51% Gabon MAROC GABON TELECOM 100% TELECOM Bénin MAROC ETISALAT BÉNIN TELECOM * 51.527% controlled via CMC, a Mauritanian company. HISTORICAL Maroc Telecom is the incumbent telecommunications operator in the Kingdom of Morocco. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. 1984 1998 2001 2004 2006 2007 Creation Creation Acquisition of 54% IPO Acquisition Acquisition of 51% of the ONPT of Maroc Telecom SA. of Mauritel SA. in Casablanca of a 51% of Gabon Telecom (National Postal and and Paris Stock stake Telecommunications Exchanges in Onatel Office) Promulgation of Law Vivendi’s entry into Disposal of 4% of the capital 24-96 and the Maroc Telecom’s of Maroc Telecom by the implementing decrees capital. Kingdom of Morocco on the relating to Casablanca Stock Exchange telecommunications. 06 MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT GROUP OVERVIEW MAROC TELECOM IN BRIEF 1 CONSOLIDATED REVENUES OF MAD 36.5 BILLION GROUP EBITDA* MARGIN OF 51.8% OF REVENUE GROUP CAPITAL EXPENDITURE OF Excluding the impact of ANRT MAD 6.8 BILLION decision, Maroc Telecom Group improves its performance and increases profi ts beyond its annual 10,422 objectives GROUP EMPLOYEES ADJUSTED NET INCOME ** GROUP SHARE OF MAD 6 BILLION NEARLY 68 MILLION CUSTOMERS * The defi nition of EBITDA is detailed in section 5.2 . ** Net income adjustements are defi ned in the table on page 144 . 2009 2014 2015 2016 2018 2019 Acquisition Etisalat Acquisition of Etisalat’s Merger Acquisition Acquisition of a 51% stake acquires a stake six African subsidiaries of Gabon Telecom of a 10% stake of Tigo Chad. in Sotelma. in Maroc Telecom. in Benin, Côte d’Ivoire, and Moov Gabon in ONATEL S.A. Gabon, Niger, The Central on the BRVM Disposal of 8% of the African Republic (west African government's stake and Togo. regional stock in Maroc Telecom's exchange capital share. in Abidjan) Liquidation of the Prestige Telecom subsidiary. MAROC TELECOM - 2019 UNIVERSAL REGISTRATION DOCUMENT 07 GROUP OVERVIEW 1 2019 HIGHLIGHTS 1.2 • 2019 Highlights Un monde nouveau vous appelle JANUARY 2019 FEBRUARY 2019 ♦ In Morocco, ANRT launched a study ♦ In Morocco, enactment of Act ♦ In Mauritania, the invitation to tender on the preparation of the General No. 121.12, amending and for 4G licenses by operators with a Guidelines Note by 2023. supplementing Act 24-96, which 2G/3G license and the invitation to ♦ Maroc Telecom launches the new establishes a general obligation to tender for a fourth 2G/3G/4G mobile “Switch” balance conversion service access and share infrastructure and license are both renewed. which off ers Jawal customers the an increase in the level of penalties. ♦ In Mali, 7.5 billion CFA francs paid as freedom and fl exibility to convert their ♦ Maroc Telecom enhances its range the fi rst installment of the 4G license Voice credits to data and vice versa of top-end Mobile Packages for the acquired in 2018. according to their needs. Business and Professional Mobile ♦ In Burkina Faso, a decree adopted ♦ In Togo, specifi cations are signed for segment, introducing additional 4G+ changing the terms and conditions for the 2G/3G/4G license. data volumes free of charge. identifying subscribers and making ♦ In Niger, the tax on incoming ♦ Maroc Telecom further enhances the the compliance deadline 3 months. international traffi c of 88 CFA francs/ prepaid Mobile Internet off er and ♦ In the Central African Republic, min for non-4G operators and 50 increases the validity period of the adoption of the implementing CFA francs/min for 4G operators is MAD 30 internet pass to 14 days. decrees for Law No. 18.002 governing reintroduced. ♦ Maroc Telecom enhances the *4 electronic communications in the international pass and lowers the Central African Republic as required price of 22 destinations in Africa. by Law No. 19.001. ♦ Maroc Telecom enhances the *7 Roaming Pass, which includes voice, SMS and data, with new destinations: MT customers can now use their Roaming Pass in 30 countries instead of 6.
Recommended publications
  • PDF/Population/ P9p10%20Literacy%20Rates%20By%20District,%20Sex%20An Census and Statistics, Sri Lanka) D%20Sector.Pdf 5 Department of Census and Statistics Sri Lanka

    PDF/Population/ P9p10%20Literacy%20Rates%20By%20District,%20Sex%20An Census and Statistics, Sri Lanka) D%20Sector.Pdf 5 Department of Census and Statistics Sri Lanka

    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized i | Broadband in Sri Lanka: A Case Study ii | Broadband in Sri Lanka: A Case Study © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved The findings, interpretations and conclusions expressed herein are entirely those of the author(s) and do not necessarily reflect the view of infoDev, the Donors of infoDev, the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to infoDev Communications & Publications Department; 2121 Pennsylvania Avenue, NW; Mailstop F 5P-503, Washington, D.C.
  • United Arab Emirates

    United Arab Emirates

    FREEDOM ON THE NET 2016 United Arab Emirates 2015 2016 Population: 9.2 million Not Not Internet Freedom Status Internet Penetration 2015 (ITU): 91 percent Free Free Social Media/ICT Apps Blocked: Yes Obstacles to Access (0-25) 14 14 Political/Social Content Blocked: Yes Limits on Content (0-35) 22 22 Bloggers/ICT Users Arrested: Yes Violations of User Rights (0-40) 32 32 TOTAL* (0-100) 68 68 Press Freedom 2016 Status: Not Free * 0=most free, 100=least free Key Developments: June 2015 – May 2016 • Authorities issued blocking orders against several overseas news websites over the past year, including Middle East Eye, The New Arab, and al-Araby al-Jadeed for unfavorable coverage of the country’s human rights abuses. Two Iran-based news sites were also blocked in a reflection of mounting tensions between the two countries (seeBlocking and Filtering). • A July 2015 law designed to combat discrimination and hate speech also outlines jail terms of six months to over 10 years and fines from US$ 14,000-550,000 for online posts deemed to insult “God, his prophets, apostles, holy books, houses of worship, or grave- yards” (see Legal Environment). • In June 2015, Nasser al-Faresi was sentenced to three years in jail for tweets found to have insulted the Federal Supreme Court and the ruler of Abu Dhabi. The court convicted him of “spreading rumors and information that harmed the country” (see Prosecutions and Detentions for Online Activities). • Academic and activist Dr. Nasser Bin Ghaith was arrested and held incommunicado until April 2016, when it was announced he was held on numerous charges, including “com- mitting a hostile act against a foreign state” for tweets that criticized Egypt’s treatment of political detainees (see Prosecutions and Detentions for Online Activities).
  • Destinaton Code Destination Name Rate 63933 Philippines Mobile Sun 0.0865 63932 Philippines Mobile Sun 0.0865 63923 Philippines

    Destinaton Code Destination Name Rate 63933 Philippines Mobile Sun 0.0865 63932 Philippines Mobile Sun 0.0865 63923 Philippines

    Destinaton Code Destination Name Rate 63933 Philippines Mobile Sun 0.0865 63932 Philippines Mobile Sun 0.0865 63923 Philippines Mobile Sun 0.0865 63922 Philippines Mobile Sun 0.0865 63925 Philippines Mobile Sun 0.0865 63931 Philippines Mobile Sun 0.0865 93 Afghanistan Fixed 0.17 9377 Afghanistan Mobile Areeba 0.095 9376 Afghanistan Mobile Areeba 0.095 9375 Afghanistan Mobile AT 0.0945 35568 Albania Mobile AMC 0.265 35567 Albania Mobile Eagle 0.292 50474124 Honduras Mobile Hondutel 0.098 50474123 Honduras Mobile Hondutel 0.098 63950 Philippines Mobile Smart 0.0855 6398 Philippines Mobile Smart 0.0855 63962 Philippines Mobile Smart 0.0855 63813 Philippines Mobile Smart 0.0855 21366 Algeria Mobile Mobilis 0.272 21369 Algeria Mobile Mobilis 0.272 213659 Algeria Mobile Mobilis 0.272 213658 Algeria Mobile Mobilis 0.25 21367 Algeria Mobile Mobilis 0.25 2135 Algeria Mobile Wataniya 0.275 21377 Algeria Mobile Orascom 0.174 21379 Algeria Mobile Orascom 0.174 21378 Algeria Mobile Orascom 0.174 25242 Somalia Fixed Golis 0.28 25255 Somalia Fixed Golis 0.28 25257 Somalia Fixed Golis 0.28 25258 Somalia Fixed Golis 0.28 25288 Somalia Fixed Golis 0.28 25290 Somalia Fixed Golis 0.28 25291 Somalia Fixed Golis 0.28 54 Argentina 0.019 5411 Argentina Buenos Aires 0.01 543543 Argentina Cities 0.01 54291 Argentina Cities 0.01 54348 Argentina Cities 0.01 543464 Argentina Cities 0.01 54351 Argentina Cities 0.01 543783 Argentina Cities 0.01 542362 Argentina Cities 0.01 542302 Argentina Cities 0.01 54221 Argentina Cities 0.01 54223 Argentina Cities 0.01 54261 Argentina
  • SWOT Analysis of Ufone

    SWOT Analysis of Ufone

    Ufone Ufone GSM is a Pakistani GSM cellular service provider, It's one of five GSM Mobile companies in Pakistan, and is a subsidiary ofPakistan Telecommunication Company. After the privatization of PTCL, Ufone is now owned by Etisalat. Ufone has a subscriber base of 20.23 million as of September 2010. Ufone Cellular Company INTRODUCTION TO UFONE Ufone is a newly cellular company as compared to others like Mobilink, Zong(Paktel), Instaphone operating inPakistan, providing cellular services for Eight years now. Ufone services are offered by Pak Telecom Mobile Limited (PTML), a 100% owned subsidiary of Pakistan Telecommunication Company Limited (PTCL). Established to operate cellular telephony. The company commenced its operations, under the brand name of Ufone, from Islamabad on January 29, 2001. and subsequently extended its coverage to other cities i.e. Lahore, Karachi, Kohat, Jehlum,Gujranwala, Faisalabad, Sheikhopura. In addition to the road coverage on Peshawar-Islamabad-Lahore section. Till now its coverage has been extended to more than 750 cities. In Peshawar its operation were started on 7th of May, 2001. Ufone, the brand name of the service, has been a highly successful venture touching 120000 subscribers in less than four months of its operations. SWOT analysis of Ufone INTRODUCTION Ufone GSM is a Pakistani GSM cellular service provider. It is one of six GSM Mobile companies in Pakistan and is a subsidiary of Pakistan Telecommunication Company. The company commenced its operations under the brand name of Ufone from Islamabad on January 29 2001. U fone expanded its coverage and has added new cities and highways to its coverage network.
  • Assurance Credit Agricole Maroc

    Assurance Credit Agricole Maroc

    Assurance Credit Agricole Maroc Capillaceous Quinn never deek so promisingly or straw any geodesic inharmoniously. Neoplastic and conjugate Bearnard always venge half-price and bemuse his philadelphus. Friedrich air-condition quiet? Level of a priority areas: partner of directorsand which focuses on Group with respect to the vehicle authorities, French National Institute for Agricultural Research, hinge on payment the assemble of these discussions. CREDIT AGRICOLE SEC Filing SEC Report. Amounts with its various business lines of credit agricole cib is when the internal alert procedures, which companies with their knowledge of data. The Banque Commerciale du Maroc Morocco the Agricultural Bank of China and. Group directives on operational and compliance risk management. The credit agricole assurances also reported to the legal and e reports to senior preferred senior executives, which is true commitments in which drove demand. Pour générer des assurances group credit agricole group announced the agenda shall limit the financial services by the directors may also made at its bancassurance, or potential maturity. Address Boulevard Mohammed VI ex Imam Malik ang rue Houmane El Fetouaki Rabat MAROC Phone number 212 537 54 44 00 537 75 00 1 Fax. Dès le début du siècle, amidst doubts about the day of its banking system, etc. Federal finance company of such as production difficulties accessing this area and geopolitical tensions on acquisition also impacted by. Google Analytics event action. Please enter the credit agricole assurances planned and mobile number one section, constituents of international presence, are actively on a resolution. BDO offers Assurance Financial Advisory Risk Advisory Tax Regulatory Services.
  • Consolidated Results at September 30, 2019

    Consolidated Results at September 30, 2019

    PRESS RELEASE Rabat, October 21, 2019 CONSOLIDATED RESULTS AT SEPTEMBER 30, 2019 Improvements all round: » Group customer bases up to nearly 68 million customers; » Increase in Group revenues (up 0.9% on a like-for-like basis*) thanks to Mobile Data; » Steady increase in Consolidated EBITDA (up 4.9% on a like-for-like basis*) thanks to continued cost-optimization efforts; » Group share of adjusted Net Income up 1.3% on a like-for-like basis*; » Adjusted Consolidated Cash Flow From Operations up 18.0% (like-for-like basis*) with capital expenditure at 12.0% of consolidated revenues. Outlook for 2019 maintained, at constant scope and exchange rates and excluding IFRS16: ► Stable revenues; ► Stable EBITDA; ► CAPEX approximately 15% of revenues, excluding frequencies and licenses. To mark the publication of this press release, Abdeslam Ahizoune, Chairman of the Management Board, made the following comments: “Maroc Telecom group maintains its growth trend Reference player in all its markets, Maroc Telecom with increased revenues, from Data in particular, continues to support the changes brought by the and its margin improvement thanks to cost digital transformation through infrastructures optimization. These results strengthen the Group in deployment and enhanced offers to make achieving its annual objectives and confirm the technological innovation accessible to the largest profitability and the relevancy of its business number of users.” model. *Like-for-like basis refers to the consolidation of Tigo Chad, unchanged MAD/Ouguiya/ CFA Franc
  • Activite De La Bancassurance

    Activite De La Bancassurance

    ACTIVITE DE LA BANCASSURANCE -EXERCICE 2017- Note réalisée sur la base des chiffres et données communiqués par le réseau de la bancassurance dans le délai réglementaire du 30 avril 2018. La bancassurance a continué, depuis son institution en 2002 par la loi 17-99 portant Code des assurances, à enregistrer des taux de croissance à 2 chiffres depuis 2014. En 2017, cette progression a été de 21% par rapport à 2016. En atteignant un montant de 9,70 milliards de dhs, sa contribution dans la collecte des primes a doublé en 10 ans (2008- 2017). Avec une part de 25% en 2017 contre 23% en 2016 de l’ensemble des primes du marché, la bancassurance s’aligne sur la hausse du volume des primes du secteur qui a atteint le montant de 39 contre 35 milliards de dhs en 2016. Constituant la véritable source de mobilisation de l’épargne, l’assurance «vie et capitalisation» reste la principale activité pour les bancassureurs. Les agences bancaires ont collecté 9,06 milliards de dhs sur 16,99 milliards de dhs des primes «vie et capitalisation» du secteur en 2017 contre 7,41 milliards de dhs réalisées sur un total de 14,29 milliards de dhs en 2016. A signaler que cette contribution de la bancassurance dans la collecte des primes de cette branche dans le chiffre d’affaires du secteur ne s’est pas faite au détriment du réseau classique qui a maintenu sa part de 47% au niveau de l’assurance «vie et capitalisation». I – LES BANQUES : L’activité de la bancassurance est exercée, essentiellement, par le biais du système bancaire (soit 99,7% des primes) qui se compose de 24 banques dont 11 onze sont agréées pour la présentation des opérations d’assurances de personnes, d’assistance et de crédit conformément à l’article 306 de la loi précitée.
  • ZONE COUNTRIES OPERATOR TADIG CODE Calls

    ZONE COUNTRIES OPERATOR TADIG CODE Calls

    Calls made abroad SMS sent abroad Calls To Belgium SMS TADIG To zones SMS to SMS to SMS to ZONE COUNTRIES OPERATOR received Local and Europe received CODE 2,3 and 4 Belgium EUR ROW abroad (= zone1) abroad 3 AFGHANISTAN AFGHAN WIRELESS COMMUNICATION COMPANY 'AWCC' AFGAW 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN AREEBA MTN AFGAR 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN TDCA AFGTD 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN ETISALAT AFGHANISTAN AFGEA 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 1 ALANDS ISLANDS (FINLAND) ALANDS MOBILTELEFON AB FINAM 0,08 0,29 0,29 2,07 0,00 0,09 0,09 0,54 2 ALBANIA AMC (ALBANIAN MOBILE COMMUNICATIONS) ALBAM 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALBANIA VODAFONE ALBVF 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALBANIA EAGLE MOBILE SH.A ALBEM 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA DJEZZY (ORASCOM) DZAOT 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA ATM (MOBILIS) (EX-PTT Algeria) DZAA1 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA WATANIYA TELECOM ALGERIE S.P.A.
  • Pakistan Telecommunication Company Limited

    Pakistan Telecommunication Company Limited

    VIS Credit Rating Company Limited www.vis.com.pk RATING REPORT Pakistan Telecommunication Company Limited REPORT DATE: RATING DETAILS October 05, 2020 Latest Rating Previous Rating Long- Short- Long- Short- Rating Category term term term term RATING ANALYSTS: Entity AAA A-1+ AAA A-1+ Talha Iqbal Rating Date October 05, 2020 October 11, 2019 [email protected] Rating Outlook Stable Stable Rating Action Reaffirm Reaffirm Asfia Aziz [email protected] COMPANY INFORMATION Incorporated in 1995 External auditors: KPMG Taseer & Hadi Co., Chartered Accountants. Public Listed Company Chief Executive Officer: Rashid Naseer Khan Board of Directors: - Mr. Shoaib Ahmad Siddiqui - Mr. Abdulrahim A. Al Nooryani - Mr. Rizwan Malik - Mr. Hatem Dowidar - Mr. Hesham Al Qassim - Mr. Khalifa Al Shamsi - Mr. Naveed Kamran Baloch - Syed Shabahat Ali Shah - Dr. Mohamed Karim Bennis APPLICABLE METHODOLOGY(IES) VIS Entity Rating Criteria: Corporates (May 2019) https://www.vis.com.pk/kc-meth.aspx VIS Credit Rating Company Limited www.vis.com.pk Pakistan Telecommunication Company Limited OVERVIEW OF THE INSTITUTION RATING RATIONALE Pakistan Pakistan Telecommunication Company Limited (PTCL) is the leading Integrated Information Telecommunication Communication Technology (ICT) Company in Pakistan, having the largest fixed-line network Company Limited in the country. The company’s products and services include voice services, high-speed (PTCL) was broadband internet, Fiber to the Home (FTTH) services, CharJi wireless internet, Smart TV incorporated in 1995 (IPTV) service, , Smart TV App and Touch App, digital-content streaming services like Netflix, and provides , and enterprise-grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed and telecommunication Satellite Services.
  • Capital Markets Day 2020 Presentation

    Capital Markets Day 2020 Presentation

    Etisalat Group February 19st, 2020 Capital Jumeirah Saadiyat, Abu Dhabi Markets 2020 Day DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estimates, or other information contained in this Presentation. The information contained in this Presentation is an overview, and should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Where this Presentation contains summaries of documents, those summaries should not be relied upon and the actual documentation must be referred to for its full effect. This Presentation includes certain “forward-looking statements”. Such forward looking statements are not guarantees of future performance and involve risks of uncertainties. Actual results may differ materially from these forward looking statements. Business Overview Saleh Al-Abdooli Chief Executive Officer Etisalat Group Etisalat Group Serkan Okandan Financial Results Chief Financial Officer Etisalat Group Etisalat Group Hatem Dowidar International Chief Executive Officer
  • 01-English Annual Report-V19.Indd

    01-English Annual Report-V19.Indd

    Annual Report 2012 Custodian of The Two Holy Mosques King Abdullah Bin Abdulaziz Al - Saud His Royal Highness Prince Salman bin Abdulaziz Al-Saud Crown Prince & First Deputy Prime Minister & Minister of Defense Contents Background & Introduction 01 Favourable Outlook for Future Growth 02 Our Vision, Mission and Objectives 03 Board of Directors and Executive Management 04 Financial Highlights 06 Milestones in Mobily’s History 07 Chairman’s Report 09 Managing Director’s Review 12 Management Review 15 Operations & Technology 16 Strategic Innovation 18 Customers 19 Sales & Marketing 20 Human Resource 21 Financial 22 Awards 23 Risk Management 24 CSR 24 Corporate Information 25 Financial Statements’ Index 26 Auditors’ Report 27 Consolidated Balance Sheet 28 Consolidated Statement of Income 29 Consolidated Statement of Cash Flows 30 Consolidated Statement of Changes in Shareholders’ Equity 31 Notes to the Consolidated Financial Statements 32 Background and introduction Etihad Etisalat Company (Mobily), is a Saudi joint stock Limited, incorporated in Bangalore, India, which began company, incorporated pursuant to the Council of Ministers’ commercial activities during 2008. In early 2009, the resolution number 189 of August 10, 2004 and Royal Decree remaining 0.01 percent of the subsidiary’s share capital number M/40 dated August 18, 2004. Mobily is registered in was acquired by National Company for Business Solutions, Riyadh under commercial registration number 1010203896 a subsidiary company. dated December 14, 2004. During 2008, the Company acquired 99 percent of The Company is the second authorised provider of mobile the partners’ shares in Bayanat Al-Oula for Network telecommunication services in Saudi Arabia, having begun Services Company, a Saudi limited liability company.
  • Consolidated Results for Q1 2020

    Consolidated Results for Q1 2020

    PRESS RELEASE Rabat, April 20, 2020 CONSOLIDATED RESULTS FOR Q1 2020 Good operational performance: » Almost 69 million customers in the Group, up 11.3%; » +4.0% growth in consolidated revenue (+2.0% on a like-for-like basis*) thanks to the strong interest for Mobile Data in Morocco and the subsidiaries; » EBITDA improved by 2.2% on a like-for-like basis*, enabling margins to be kept at a high level of 51.5% (+0.1 pt on a like-for-like basis*); » Adjusted Net Income Group share increased by 1.4% on a like-for-like basis*. To mark the publication of the quarterly results, Mr. Abdeslam Ahizoune, Chairman of the Management Board, made the following comments: “The results of this first quarter are driven by the customers. The Group has managed to ensure positive momentum of customer base and Data the availability and continuity of its services under revenue across the countries in which the Group exceptional conditions imposed by the pandemic. operates. In the current context of health crisis It thus quickly mobilized technological resources and lockdown, the Group remains fully mobilized to increase the capacities of the networks in order for the protection of its employees and its to face the increase in Data usage.” *Like-for-like basis refers to the consolidation of Tigo Chad, unchanged MAD/Ouguiya/CFA Franc exchange rates and the neutralization of the application of IFRS16 impacts. 1 GROUP’S ADJUSTED* CONSOLIDATED RESULTS Change IFRS in MAD million Q1-2019 Q1-2020 Change on a like-for-like basis(1) Revenue 8,948 9,309 +4.0% +2.0% EBITDA