MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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

Business activities

BURKINA FASO MOBILE MARKET SHARE AT DECEMBER 31, 2017

The main implementing decrees of the Telecommunications Lawbare: Decreeb2010-451 of Augustb12, 2010, defining the general conditions for network interconnection and access to those networks; Decreeb2010-245 of Mayb20, 2010, defining the procedures and conditions attached to individual licenses, general authorizations, and declarations; Decreeb2010-246 of Mayb20, 2010, establishing the rates and charging arrangements for fees, contributions and expenses. MAIN REGULATORY OBLIGATIONS APPLYING TO ONATEL Onatel is required topay industry fees and contributions.This includes the regulatory fee of 1% of revenues excluding interconnection charges, the annual contribution to training and research of 0.5% of revenues excluding interconnection charges, and a contribution of 2% of revenues excluding interconnection charges to the Universal Service Fund. In addition, Onatel pays fees for the use of frequencies and numbers. In 2013, the 5% limit on the amount of fees and contributions was lifted. Finally, since Januaryb1, 2014, Onatel has paid a special tax on telecomoperators equivalent to 5%of their revenue excluding Fixed- line services, international interconnection charges and revenue from handset sales. ONATEL LICENSES

17 % Telecel Fasco

41 % Onatel

42 % Orange Burkina Faso

Source: Dataxis At Decemberb31, 2017, Burkina Faso had 17.6 million Mobile customers, representing a penetration rate of 94%, up 8 points in one year. Themarket continued to grow in 2017, thus allowing the threemobile operators in Burkina Faso to develop at the same time. These three operators were granted 3G licenses in 2012, for MADb25bmillion each. At Decemberb31, 2017, Onatel had 7.2bmillion Mobile customers (mainly prepaid), abyear-on-year increase of 2.6%. Onatel has therefore consolidated its leadership by investing in capacity and coverage, accompanied by a targetedmarketing strategy and better quality of service. The new BTS brought into service during 2017, raised the operator’s total to 1,337 BTS. PERFORMANCE The following table summarizes Onatel’s key operating data:

3

Licenses and authorization

Award date Expiration Date

Term

Fixed-line license 12/29/2006 12/29/2026

20 years 10byears 10byears

Unit

2017

2016 2015

2G license 3G license

6/21/2010 6/21/2020 5/22/2013 5/22/2023

Mobile customer base

(000) (000) (000)

7,196 7,017 6,760

Fixed-line

76 13

76 14

75 15

Broadband access

2017 HIGHLIGHTS Regulatory highlights for 2017: – the reduction of mobile call termination rates from 20 CFA/min to 15 CFA/min.

Seasonality In Burkina Faso, the annual rainy season (Augustband September) has a negative impact on sales and on network quality of service.This has repercussions for both fixed-line and mobile revenues. Regulations OVERVIEW Burkina Faso’s current regulatory framework for telecommunications was established by Lawb061-2008/AN of Novemberb27, 2008, as amended, relating toGeneral Regulations for networks and electronic communication services in Burkina Faso and its implementing decrees. TheElectronicCommunicationsandPostalServicesRegulatoryAuthority ( AutoritédeRégulationdesCommunicationsÉlectroniquesetdelaPoste , hereinafter “ARCEP”) is an independent public-sector administration under the technical supervision of the Prime Minister’s office. It is responsible for ensuring that operators comply with their contract specifications, managing and controlling radio frequencies, establishing and managing the national numbering plan, and managing conciliation and arbitration proceedings among telecommunications operators and between operators and consumers.

3.2.2.4 GABON TELECOM

Macroeconomic indicators

2017

2016

2015

Population (000)

1,908

1,881

1,855

GDP per capita (in USD)

19,266 19,018 18,655 +1.0% +2.1% +3.9% +2.5% +2.1% -0.1%

GDP growth

Inflation

Source: IMF, Octoberb2017. GabonTelecombSA is the incumbent operator inGabon.It was formed from the break-up in 2001 of Office des Postes et Télécommunications pursuant to Lawb004/2001 of Juneb27, 2001 on the reorganization of the postal and telecommunications sector.

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MAROC TELECOM ____ 2017 Registration Document