Maroc Telecom Accused of Violating Rules of Competition

Maroc Telecom Accused of Violating Rules of Competition
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Maroc Telecom Accused of Violating Rules of Competition

Maroc Telecom Accused of Violating Rules of Competition

Morocco’s National Agency of Telecommunications Regulation (ANRT) has issued its decision in the dispute between telecom operators over access to the local loop unbundling (LLU) and the joint use of high-frequency internet and fixed broadband.

The ANRT said that Maroc Telecom has abused its dominant position in the market by hindering competitors' access to unbundling on its network and the fixed market since 2013.

Maroc Telecom, Morocco's leading operator, has been fined 3.3 billion dirhams ($344 million) for anti-competitive practices, the country’s regulator said on Monday.

The company may face further daily sanctions if it does not comply with the decision, the regulator said, adding that such measures aim to boost competition in fixed broadband.

Maroc Telecom said it would appeal the decision. The fine, to be paid to the state treasury, compares with the $312 million profit reported by Maroc Telecom in H1 2019.

ANRT had urged Maroc Telecom in 2016 to abide by regulations governing local loop unbundling.

Two years later, a rival operator filed a suit against Maroc Telecom, accusing it of breaching competition rules.

Zain subsidiary Inwi (formerly Wana) claimed that Maroc Telecom had hindered its rivals’ access to LLU and fixed broadband since 2013, and following its investigation the ANRT concluded that Maroc Telecom had abused its dominance in the market to this effect.

In 2014, the ANRT issued its guidelines for LLU which obliged Maroc Telecom to host rivals’ equipment in its existing cabinets, as well as build out multi-operator cabinets in future deployments. It was also required to provide wholesale tariffs for other operators using a virtual unbundled local access (VULA) model.

Maroc Telecom will now have to introduce these measures, in addition to paying a fine to the Treasury.

Maroc Telecom, which is listed on the Casablanca Stock Exchange and Euronext Paris, is 53 percent controlled by the UAE’s Etisalat, with the Moroccan state owning 22 percent.

It operates subsidiaries in Benin, Burkina Faso, Ivory Coast, Gabon, Mali, Mauritania, Niger, Togo, and the Central African Republic.



Gold Price Firms on Israel-Iran Conflict, Platinum Scales over 10-year High

Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky/File Photo
Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky/File Photo
TT
20

Gold Price Firms on Israel-Iran Conflict, Platinum Scales over 10-year High

Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky/File Photo
Jewellery is displayed at the Gold Souk market in Dubai, United Arab Emirates, March 14, 2025. REUTERS/Amr Alfiky/File Photo

Gold prices gained on Thursday as fears of an escalating conflict between Israel and Iran drove investors towards the safe-haven metal, while platinum scaled its highest level since September 2014.

Spot gold was up 0.2% at $3,374.49 an ounce at 1100 GMT US gold futures fell 0.5% to $3,391.00.

"We're seeing some haven flows in gold, which is really not surprising given what's happening ... with the fighting between Iran and Israel," said Fawad Razaqzada, market analyst at City Index and FOREX.com.

Equity markets have dipped, which is also supporting the precious metal, Razaqzada added, Reuters reported.

Israel said on Friday it had struck Iran's only functioning nuclear power plant on the Gulf coast, potentially a major escalation in its air war against Iran.

Meanwhile, the Fed held interest rates steady on Wednesday and policymakers still forecast cutting rates by half-a-percentage point this year, but have slowed their overall outlook for rate cuts in response to a more challenging economic outlook.

However, Fed Chair Jerome Powell cautioned against putting too much weight on this outlook, warning of "meaningful" inflation ahead as higher import tariffs loom.

Gold is considered a safe-haven asset during times of geopolitical and economic uncertainty. It also tends to thrive in a low-interest rate environment.

In other metals, platinum lost 2.5% to $1,289.71, having risen to its highest level since September 2014 earlier in the session.

Platinum prices are supported by rising Chinese imports, ongoing supply concerns, high lease rates and increased investor interest as high gold prices push consumers toward cheaper alternatives, analysts say.

"The supply-demand dynamics at play in the platinum market do hint at there being further upside in store for the price," KCM Trade Chief Market Analyst Tim Waterer said.

Palladium lost 1.1% to $1,036.74, while silver fell 1.2% to $36.31 per ounce.