MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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

The table below shows the changes in rates for call termination on national fixed-line networks (MADbexcl. tax per minute) since 2011:

Fixed-line Médi

Wana restricted mobility

Fixed-line Maroc Telecom

Telecom Wana fixed-line

Peak

Off-peak

intra CAA

Simple Transit

Double Transit

intra CAA

Simple Transit

Double Transit

Peak Off-peak Peak Off-peak Peak Off-peak

From 1/1/2011 tob6/30/2011 From 7/1/2011 tob12/31/2011 From 1/1/2012 tob6/30/2012 From 7/1/2012 tob12/31/2012 From 1/1/2013 tob12/31/2016 Since 3/1/2017b (a)

0.1155 0.2817 0.3860 0.0578 0.1409 0.1930 0.2693 0.1347 0.2693 0.1347 0.6238 0.3119

0.1079 0.2479 0.3531 0.0540 0.1240 0.1766 0.2410 0.1205 0.2410 0.1205 0.4678 0.2339

0.0740 0.1645 0.2411 0.0370 0.0823 0.1206 0.1617 0.0809 0.1617 0.0809 0.2277 0.1139

0.0591 0.1258 0.1894 0.0296 0.0629 0.0947 0.1252 0.0626 0.1252 0.0626 0.1798 0.0899

0.0360 0.0740 0.1130 0.0360 0.0740 0.1130 0.0360 0.0740 0.1130 0.0360 0.0740 0.1130

0.0740 0.0740

0.0740 0.0740

0.1160 0.1160

(a) Until a new decision is made.

Since 2012, the rates for SMS termination on the mobile networks of the three operators have been as follows:

From 01/01/2012 to 12/31/2012

From 01/01/2013 to 12/31/2016

SMS termination rate (MAD excl. tax per SMS)

0.08

0.03

These rates were in force in 2017.

Decemberb9, 2015, it identifiedMaroc Telecom as the only dominant operator in all of thosemarkets in 2017. Medi Telecom andWana are identified as operators with significant influence in the mobile SMS call termination market. This has led to the renewal, for 2017, of the asymmetric regulation of the civil engineering and wired local loop physical infrastructure introduced in 2014/2015. As a result of these decisions Maroc Telecom is required to provide the following wholesale offers (apart from interconnection): – physical unbundling of the local loop and sub-loop; – virtual unbundling; – access to the dark-fiber local loop for unbundling purposes; – bitstream; – access to infrastructure throughout the country. For unbundling, please refer to the relevant section below. In terms of infrastructure, the ANRT’s decision of Decemberb9, 2014 determines the technical and pricing terms of access to Maroc Telecom’s urban and suburban underground infrastructure and requires it to provide technical and pricing terms for access to its overhead infrastructure. Local loop unbundling Since Januaryb1, 2008 Maroc Telecom has established technical and pricing terms for total and shared access to its local loop approved by the ANRT in like manner as its interconnection technical and pricing terms.

DOMINANT OPERATORS Eachb year the ANRT imposes specific obligations in terms of interconnection on the operators it designates as exercising a significant influence over a particular market. An operator is considered to exercise significant influence if, individually or jointly with others, it has a dominant position enabling it to conduct its business independently of its competitors, its customers and consumers. The guidelines regulating the ANRT’s reviews of the rates offered by operators of public communication networks also impose a requirement on dominant operators for their retail offers to be able to be replicated by third-party operators (taking into account current specific market rates, which results in price squeeze tests being implemented as part of the preliminary audit by the regulator of retail offers). The initial list of specific markets approved by the ANRT for 2012, 2013 and 2014 included the market for fixed-line termination rates (including for restricted mobility), voice mobile call termination rate, SMS mobile termination rates and wholesale rates for leased lines. Following the ANRT’s decisions of Decemberb30, 2013 relating to specific markets and operators exercising a significant influence there, two new specific markets have been defined: “access to the physical infrastructure of the wired local loop” and “access to the civil engineering infrastructure throughout the national territory”, for which Maroc Telecom was declared the only dominant operator in 2014. By decision dated Novemberb24, 2014, the ANRT extended the list of specific markets for 2015, 2017 and 2017. By its decision of

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MAROC TELECOM ____ 2017 Registration Document