The state is disengaging more and more from Maroc Telecom

It is only a matter of time now to witness huge changes within Maroc Telecom. The Moroccan state, in accordance with its privatization process set up for this year's account, comes through the Minister of Economy and Finance to inform the incumbent operator of its intention to withdraw in the coming weeks. to come up. The State will therefore sell 8% of the capital and voting rights it holds in Maroc Telecom.

According to Jeune Afrique, this operation will be done through "the sale of blocks of shares and a public offer of sale on the Moroccan stock market". Clearly, for the various players in the market, this is an operation that will certainly be several times.

"Maroc Telecom is the first market capitalization of the Casablanca stock exchange, we will have to be careful not to dry up the liquidity and not to disrupt the smooth running of our place," said the boss of a stock company who spoke to pan-African media. All calculations made, the same source says that the state could recover a little less than 9 billion dirhams following this operation.

Present in several countries including, among others, Mauritania, Ivory Coast, Central African Republic, Burkina Faso, Gabon, Mali, Benin, Togo, Niger, and lately Chad, Maroc Telecom has realized more than 36 billion dirhams of d business in 2018. The incumbent Moroccan operator, employs more than 10,000 employees across the continent and has more than 61 million customers.