MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

3

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

Mobile telephony COMPETITION AND MARKET SHARE Market trends in Benin

MAIN REGULATORY OBLIGATIONS APPLYING TO AT CÔTE D’IVOIRE

AT CI is subject to various sector fees and contributions. These include the annual regulatory fee equal to 0.5% of its revenue; the Research, Training and Normalization Contribution equal to 0.5% of its revenue; the universal service contribution equal to 2% of its revenue, as well as the fees for the use of radio frequencies and numbering resources. In addition to these royalties and contributions, there is a tax on communications equal to 3% of their price before tax, and a tax on telecommunications companies set at 5% of revenue before tax (including interconnection receipts and income). ATCI is also subject to a tax for the promotion of culture in the amount of 0.2%of revenue. AT CÔTE D’IVOIRE LICENSES

86%

9.4 83%

80%

9.3

8.8

Licenses and authorization Global license

Award date Expiration Date Term Marchb2016 Marchb2033 16byears

2015

2016

2017

Customer base (in millions)

Penetration rate

2017 HIGHLIGHTS Regulatory highlights for 2017: – the regulator’s decision to ban on-net/off-net tariff differentiation which applies to all operators. AT CI appealed the decision; – the 1.15 billion CFA fine imposed by the regulator on AT CI for failing to provide an adequate quality of service. Other operators were also penalized. AT CI appealed the decision; – the adoption of a decree on digital subscriber identification.

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

11 % GloMobile Bénin

46 % MTNBénin

BENIN

42 % Moov Bénin

Macroeconomic indicators

Source: Dataxis Moov Benin’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 Benin. In addition to 3G and 4G services (the latter launched in Aprilb2017), Moov Bénin offers an m-payment service under the Moov Money brand. At Decemberb31,2017,Benin had9.4milliondownMobile customers, representing a penetration rate of 83%, up threebin one year. In this market three other operators are active alongsideMoov Benin, namely MTN Bénin, Bénin Telecoms and Glo Bénin (which lost its license in Decemberb2017). PERFORMANCE Moov Bénin’s mobile customer base changed as follows:

2017

2016

2015

Population (000)

11,395 11,128 10,859

GDP per capita (in USD)

2,219

2,119

2,061

GDP growth

+5.4% +4.0% +2.1% +2.0% -0.8% +0.3%

Inflation

Source: IMF, Octoberb2017.

Unit

2017

2016

2015

Mobile customer base (000)

3,960 3,960 3,266

At Decemberb 31, 2017, Moov Benin had 3.96bmillion Mobile customers (mainly prepaid), abyear-on-year increase of 6.2%. Moov Bénin had a market share of 42% at the end of Decemberb2017. The operator placed 186 new BTS online during thebyear, raising its total to 1,056.

98

MAROC TELECOM ____ 2017 Registration Document