Company Profile For Maroc Telecom S.A.

Maroc Telecom SA is a Morocco-based company primarily engaged in the provision of telecommunications services. It is structured in four segments: Fixed Line Telephones, Mobile Telephones, Internet Services and Business Solutions. The Company has regional offices in Rabat, Casablanca, Marrakech, Agadir, Settat, Fes, Tanger and Oujda. It has a direct network of 304 local commercial agencies, and more than 55,000 points of sale located through Morocco. Maroc Telecom SA operates through its subsidiaries, including Compagnie Mauritanienne de Communication (CMC) SA, Mobisud Belgique SA, Onatel SA, Telmob SA, and Maroc Telecom Belgique SA, among others. The Company is a part of Vivendi Group.

BRIEF: For the six months ended 30 June 2009, Maroc Telecom SA's total revenue increased 2% to MAD14.59B. Net income for the period increased 3% to MAD4.65B. Total revenue reflects an increased demand for the Company's products and services in all of the Mobile business segments as well as in the Stationary business segments. Net income benefited from decreased payroll costs and the presence of net other financial income.