MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

1 KEY FIGURES,

GROUP STRATEGY AND RISK FACTORS

1.1 2017 KEY FIGURES

12

1.2 GROUP STRATEGY

14

1.3 RISK FACTORS 1.3.1 Business risks 1.3.2 Regulatory risks 1.3.3 Market risks

16 16 19 20

11

MAROC TELECOM ____ 2017 Registration Document