Maroc Telecom Newsletter

Maroc Telecom Newsletter
Rabat, October 18th, 2011
News of September 2011
Maroc Telecom’s news flow
Mobile pay monthly
+30 min de communications – from September 1st 2011
Maroc Telecom adds 30 minutes of communication to all its pay monthly Mobile
plans (from 2h30 to 7h30) without any price rise.
Promotion: Universal Music Mobile offer - from September 1st to
November 30th, 2011
For a 12 or 24 months new subscription to Universal Music Mobile offer, Maroc
Telecom grants 50% discount on the first 3 bills covering. Moreover, Maroc
Telecom organizes a raffle to wins tickets for the concert of RIHANNA scheduled
for October in Paris.
Mobile pay as you go
Promotion: «1Heure Jawal» for MAD29 – from September 17th to 22th and 24th to 29th,
2011
From 24th to 29th September, Maroc Telecom offers its Jawal (pay as you go) customers the
possibility to call, in addition to domestic destinations, all foreign fixed and mobile phones of
Zone1 countries during 1 hour. The 60 minutes are valid for calls (excluding SMS, MMS) made
from 9pm to 8am and weekends 24/24, during 7 days from the date of subscription.
From 17th to 22th September, Maroc Telecom offers its Jawal (pay as you go) customers 1 hour of
communications for MAD29, valid for calls made from 9pm to 8am and weekends 24/24, during 7
days from the date of subscription.
Promotion: double recharge for 3G Internet – from 9th to 16th September 2011
Maroc Telecom offers double recharge upon 3G Internet at 3.6 Mbps for all recharge values:
Recharge
Connection
MAD200
2x 1month
MAD100
2x 2 weeks
MAD50
2x1 week
MAD20
2x 2 days
MAD10
2x 1 day
NB: 3.6 Mbps bandwidth until up to 400 MB of download per day. Above this limit, bandwidth is
downgraded to 128 kbps; 3.6 Mbps is available again the day after.
Promotion 1H à 20 DH – from 1st to 8th September 2011
For a recharge of MAD20, Maroc Telecom offers its pay as you go customers the ability to call 60
minutes towards all networks. The 60 minutes are valid for calls made from 9pm to 8am and
weekends 24/24, during 7 days from the date of subscription.
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Fixed & Internet
Promotion: 50% off on fixed, mobile and Internet bills – from September 1st to November
30th, 2011
Fixed customers: for a new subscription of 12 or 24 months to fixed line
service, Maroc Telecom grants 50% discount on the first 3 bills covering
subscription & consumption (excluding equipment cost, access costs,
recharges via the 114 and interruption costs).
Internet customers (ADSL and CDMA): for a new subscription to ADSL or
CDMA with a 12 or 24 month plan, the customer gets 50% off on the first 3 bills. The 50% discount
applies to the subscription fee (excluding ADSL and CDMA access equipment, costs of services
and options).
Customers Mobile: for a new mobile subscription to a 12 or 24 month plan, the customer gets
50% discount on the first 3 bills applicable to Voice / Data subscription fee & consumption
(excluding equipment cost, International Roaming cost & penalties). The BlackBerry and 3G +
Mobile Internet services benefit from the promotion as well as the options and other value added
services (provided that these services are enabled on the new line).
New VPN LL offer – from September 1st 2011
Maroc Telecom updates its VPN LL offer with the launch of 10 Mbps and 20 Mbps VPN LL
services and cuts activation and subscription fees for the 34 Mbps VPN LL.
Promotion: MT Duo – from July 1st to September 30th, 2011
For choosing MT Duo double play offer (2Mbps Broadband plus prepaid fixed line), Maroc Telecom
offers 50% off on the first three bills, ie MAD99 per month during 3 months.
Promotion: double recharge for Al Manzil (prepaid fixed line) – from 19th to 30th
September 2011
Maroc Telecom offers double credit of communication upon recharge of MAD20 or above.
Promotion: Telecard (payphone card) – From September 26th to October 2nd 2011
Maroc Telecom offers 30 minutes towards Southern Europe for every Telecard value of MAD100.
More information at:
http://www.iam.ma/Groupe/Institutionnel/Actualites/Pages/EvenementsEtCommercial.aspx
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Macro news flow
Morocco
High Commissioner for Planning (HCP) – Q2-11 information report on National Accounts
– September 30th, 2011
The national accounts for the second quarter 2011 show a consolidation of the pace of economic
growth and dynamism of domestic demand. However, they show a negative contribution of foreign
trade to the creation of wealth and a slight increase in the borrowing of the economy.
Thus, the economy grew by 4.2% in volume over the same period in 2010 instead of 3.6% the year
before. In nominal terms, GDP growth was 3.3%, which gives a decline in general price level (GDP
implicit price) of 0.9% year on year. This decline is attributed to the decrease in net taxes by almost
30%, due to higher subsidies.
In this context, the value added of the agricultural sector improved by 4.6% instead of a decrease
of 3.4% in the same quarter of 2010 and the non-agricultural GDP by 4.1% instead of 4.7%.
In terms of non-agricultural activities, with the exception of the activity of "Hotels and restaurants"
which fell 3.7% and "fishing" of 1.9%, other activities recorded more or less important changes:
• Mining of 2.3% instead of 51.3%;
• The processing industry by 2.3% instead of 1.7%;
• Electricity and water 6.2% versus 8.7%;
• The construction industry of 3% instead of 3.7%;
• Transport of 4.3% instead of 6.7%;
• Trade 4.1% against a decline of 0.5%;
• Post and telecommunications 10.5% versus 2.6%;
• Finance and insurance 4.5% versus 1.7%;
• Business services by 4.6% instead of 2.5%;
Economic growth in the second quarter of 2011 has mostly benefited from the momentum of
domestic demand. The final consumption expenditure of households grew by 5.4% instead of a
decrease of 0.2%. Its contribution to growth was 3.1 points.
However, the account balance of foreign trade of goods and services contributed negatively to
economic growth by 2.1 points. Thus exports of goods and services increased by 10.2% instead of
15.1% contributed 3.1 points to GDP growth, while imports, increased by 14.9% against a
decrease of 2%, reported a negative contribution of 5.3 points.
In terms of economy financing, investment stood at 36.4% of GDP instead of 35.9% the same
quarter last year.
http://www.hcp.ma/Les-Comptes-nationaux-de-deuxieme-trimestre-2011_a925.html
Ministry of Finance – Economic situation report N°175 – September 2011
The available economic indicators predict a positive outlook for the economy in 2011, in relation
particularly with the performance of the different activities. The primary activities have shown a
positive development. The cereal harvest is estimated at 84 million hundredweight, up 12% from
the previous season.
Secondary activities showed good behavior under the first seven months of the year. The export
activity of OCP has evolved positively over the end of July 2010, taking advantage of a foreign
demand always positive. Indeed, exports of phosphates and derivatives increased by 38.5%.
Cement sales, a key indicator of the construction sector, increased by 7.3% year on year. As for
industrial activity, the index of manufacturing production has closed the first half of the year on an
increase of 2.3% vs. 1.2% a year earlier.
The service sector showed an overall positive development under the first seven months of 2011.
Regarding tourism, arrivals at the border of Morocco increased by 3.4% while nights spent in listed
accommodation establishments have, paradoxically, decreased by 2.4%. The telecommunications
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sector showed a sustained momentum in the first half of the year. Mobile telephony and Internet
subscriber bases grew by 25.5% and 56.4% respectively. That of fixed telephony was almost flat (1%).
Consumer spending remains strong, after the first seven months of this year, thanks (i) to the
achievement of a good crop year, (ii) the improvement in remittance from Moroccans living abroad
(+8.6% ), (iii) control of consumer prices (+0.9%), (iv) the relative decline in unemployment rate
and (v) the continued increase of consumer loans (+5.4%) ..
In terms of foreign trade, exports and imports of goods and services increased in value by 15.2%
and 17.8% respectively at the end of July 2011, resulting in a coverage rate of 71.6%, down 1.6
points compared to the same period of 2010.
http://www.finances.gov.ma/esp_doc/util/file.jsp?iddoc=5461
Bank Al Maghrib – Quarterly meeting – September 20th, 2011
The Board considered recent economic, monetary and financial trends, as well as the inflation
forecasts prepared by the Bank staff up to the fourth quarter of 2012.
The Board noted that inflation remained broadly moderate, in line with the assessment
made at the Board’s June meeting. After reaching 0.7 percent in June and 1.8 percent in July,
year-on-year headline inflation stood at 2.2 percent in August, mainly in connection with occasional
fluctuations in food prices. Meanwhile, core inflation, which reflects the underlying trend of prices,
was at 2.2 percent in August, up from 2 percent in July and 1.9 percent in June. Industrial producer
prices in July increased at a year-on-year rate of 14.5 percent and a monthly rate of 0.3 percent.
Nationally, despite the slowdown in the global economic activity, domestic demand continued to
hold up well. Under these conditions, overall growth and nonagricultural GDP would be between
4.5 and 5.5 percent in 2011. However, this trend, which is expected to continue in 2012, is
conditional on the gradual improvement of the international environment. In this context,
nonagricultural output gap would be close to zero in the coming quarters, indicating the absence of
demand-led inflationary pressures.
Analysis of monetary developments to the end of July 2011 shows a slightly accelerated
growth in money supply and credit, which expanded at a year-on-year rate of 4.7 percent and
7.1 percent, respectively. At the same time, negative money gap narrowed, suggesting the
absence of monetary inflationary pressures. For the full year, bank credit is expected to grow at a
rate somewhat higher than 8 percent, a level close to its long-term trend.
Based on all these elements, the central inflation forecast seems consistent with the price
stability objective. Headline inflation is projected at about 2 percent both at the end of the
forecast horizon (fourth quarter of 2012) and on average over that horizon. The average forecast
for 2011 remained virtually unchanged at 1.3 percent, down from the 1.4 percent expected in the
previous Monetary Policy Report. Core inflation should remain subdued, not exceeding 2 percent.
http://www.bkam.ma/wps/portal/net/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKL94o38vEASZn
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blFWR2hkLXNJYnpRQSEhLzdfS18yMVMvNA!!?cont9248781=1&formid=#7_K_21S
Maroc Telecom is a full-service telecommunications operator in Morocco and the domestic market leader in the fixed-line,
mobile, and internet sectors. Maroc Telecom, whose main shareholders are Vivendi (53%) and the Kingdom of Morocco (30%),
has been listed on the Casablanca and Paris stock exchanges since December 2004.
Contacts
Investor relations
Press relations
Zakaria Mediouni +212 (0)537 71 90 39
Najib El Amrani +212 (0)537 71 22 91 – [email protected]
[email protected]
Ali Jouahri +212 (0)537 71 90 12 – [email protected]
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