MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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

Business activities

At Decemberb31, 2017, Niger had 8.4 million Mobile customers, representing a penetration rate of 45%, up 10 points in one year. In this market, three operators are active alongsideMoov Niger: Airtel Niger, Orange Niger and Niger Telecom (formed on Septemberb28, 2016 by themerger of twoNigerien state-owned telecomcompanies Sonitel and Sahelcom). PERFORMANCE Moov Niger’s mobile customer base changed as follows:

2017 HIGHLIGHTS Regulatory highlights for 2017: – the invitation to tender issued by the regulator in Augustb2017 for a 4G license; – the cancellation of the levy on inbound international traffic, the cancellation of part of the TURTEL (250 CFA/SIM sold or attached) and the lowering of the SU contribution from4% to 2%of revenue; – a fine of 423 million CFA imposed by the regulator for failing to provide an adequate quality of service.Third-party operators were also penalized. AT Niger appealed the decision.

Unit

2017

2016

2015

3

CENTRAL AFRICAN REPUBLIC

Mobile customer base (000)

2,114 1,418

810

At Decemberb31, 2017Moov Niger had 2.1millionMobile customers (mainly prepaid), a year-on-year increase of 49%. Moov Niger increased its market share by 5 points in one year to reach 24.3% at end-Decemberb2017 and become the second-largest mobile

Macroeconomic indicators

2017

2016

2015

operator in Niger. Regulations OVERVIEW

Population (000)

4,983

4,888

4,794

GDP per capita (in USD)

681

652

628

GDP growth

+4.7% +4.5% +4.8% +3.8% +4.6% +4.5%

Inflation

The regulatory framework for telecommunications in Niger is governed by Order 99-045 of Octoberb26, 1999 on the regulation of telecommunications, as amended by Order 2010-89 of Decemberb16, 2010. The Regulatory Authority for Telecommunications and Postal Services (ARTP) is responsible for regulating, controlling and monitoring the telecommunications sector, in accordance with Lawb2012-70 of Decemberb31, 2012. The main legislative instruments implementing the Telecommunications Law are Decreeb2000-399 of Octoberb20, 2000 relating to the general terms and conditions of interconnection, Decree 2000-371 laying down the terms for setting and monitoring rates for telecommunications services and Decree 2012-527 of Decemberb6, 2012 on the sharing of infrastructure. MAIN REGULATORY OBLIGATIONS APPLYING TO AT NIGER AT Niger is required to pay various sector fees and contributions. These include an annual universal-service contribution of no more than 2% of revenues, net of taxes. It is also required to pay regulatory fees of no more than 2% of revenues, net of taxes, and an annual research and training contribution of no more than 1% of revenues, net of interconnection charges. Since Julyb1, 2016, AT Niger has also had to pay a Tax on the Use of Telecommunications Networks (TURTEL) equal to 3% of revenue excluding interconnection charges and a levy on incoming international traffic of 25 CFA/min (previously 88 CFA/min). AT NIGER LICENSES

Source: IMF, Octoberb2017.

Mobile telephony COMPETITION AND MARKET SHARE Market trends in Central African Republic

20%

18%

19%

0.98

0.90

0.93

2015

2016

2017

Customer base (in millions)

Penetration rate

Source: IMF and Dataxis

Licenses and authorization

Award date Expiration Date

Term

2G

Decemberb2015 Decemberb2030 15byears

3G

Juneb2015

Juneb2032 15byears

101

MAROC TELECOM ____ 2017 Registration Document