MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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DESCRIPTION OF THE GROUP, BUSINESS ACTIVITIES, LEGAL AND ARBITRATION PROCEEDINGS Business activities

NIGER

Two mobile operators are currently active in Togo: Moov Togo and Togocell. PERFORMANCE Moov Togo’s mobile customer base changed as follows:

Macroeconomic indicators

2017

2016

2015

Population (000)

18,758 18,194 17,647

Unit

2017

2016

2015

Mobile customer base (000)

2,943 2,463 2,141

GDP per capita (in USD)

1,153

1,121

1,086

GDP growth

+4.2% +5.0% +4.0% +1.0% +0.3% +1.0%

At Decemberb31, 2017, Moov Togo had 2,943bmillion Mobile customers (almost all prepaid), abyear-on-year increase of 19.5%, with a market share of 47%. Regulations OVERVIEW The regulatory framework for telecommunications in Togo is governed by Lawb2012-018 of Decemberb17, 2012 on electronic communications, as amended by Lawb2013-003 of Februaryb19, 2013. TheTelecommunications RegulatoryAuthority ( Autorité de Régulation des Télécommunications , ART&P) is a legal entity with independent management and financial autonomy. It is under the technical supervision of the ministry responsible for the telecommunications sector. The responsibilities of ART&P include implementing and monitoring the application of the legislation in force. The main legislative instruments adopted to date to implement the Telecommunications Act are Decreeb2014-088/PR of Marchb31, 2014 governing the legal arrangements applicable to electronic communications and Decreeb2014-112/PR of Aprilb30, 2014 on interconnection and access to electronic communications networks. MAIN REGULATORY OBLIGATIONS APPLYING TO AT TOGO AT Togo is required to pay annual operating royalties equivalent to 3% of taxable annual revenues. This contribution is allocated as follows: 66.66% for the universal telecommunications service, 22.23% for regulation and 11.11% for telecommunications research and development. AT TOGO LICENSES

Inflation

Source: IMF, Octoberb2017.

Mobile telephony COMPETITION AND MARKET SHARE Market trends in Niger

45%

41%

39%

8.4

7.4

6.9

2015

2016

2017

Customer base (in millions)

Penetration rate

Source: IMF and Dataxis Nigerian market share at December 31, 2017

Licenses and authorization

6 % Niger Telecom

Award date Expiration Date

Term

2G

Decemberb2009 Decemberb2021 12byears Januaryb2016 Decemberb2021 6 years

25 % Moov Niger

3Gb (a)

46 % Airtel

(a) 2G license extended to include 3G. 2017 HIGHLIGHTS Regulatory highlights for 2017: – continuing discussions with the authorities to grant a 4G license; – creation of the Togo Internet Exchange Point (TGIX).

22 % Orange Niger

Source: Dataxis Moov Niger’s Mobile business consists of prepaid and postpaid services through voice and data (mainly SMS) plans. It also provides roaming services for its mobile subscribers abroad and for customers of foreign partner operators visiting Niger. To provide these services, Moov Niger relies on a network of 514 BTS located throughout the country. In addition to its 3G service (launched in Julyb2017), Moov Niger offers an m-payment service under the Flooz brand.

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MAROC TELECOM ____ 2017 Registration Document