Maroc Telecom looks to cut costs

MOROCCO

|
Image: By BiztechAfrica
Maroc Telecom looks to cut costs

Maroc Telecom, part of troubled Vivendi Group, is looking to cut costs and improve margins through a voluntary redundancy programme.

The telco is reported to be seeking to cut around 11% of its workforce – or up to 2000 jobs – in line with its parent company’s attempts to streamline operations and boost flagging profits.

Recently, the Chairman and Chief Executive of Vivendi, Jean-Bernard Lévy, stepped down after a disagreement with the company’s board.

Another telecoms subsidiary, France’s SFR, said it planned to cut costs by USD552 million this year and another USD500 million next year.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE MOROCCO NEWS

France-IX supports launch of first neutral IXP in Morocco

N+ONE Datacenters, a Casablanca-based cloud services provider, is launching the first neutral Internet exchange point (IXP) in Morocco, CASIX, with support from France-IX. Read More

Orange increases interest in the Moroccan operator Méditel with the acquisition of an additional 9%

Fipar-Holding (the Moroccan Caisse de Dépôt et de Gestion group), FinanceCom and Orange signed the final documentation increasing Orange's interest in Méditel, the Moroccan telecommunications operator, in application of the agreements they signed in December 2010. Read More

INWI Taps Aptilo Networks and Smartcom for carrier Wi-Fi

INWI, the third largest telecommunications operator in Morocco, says it has selected Aptilo Networks and Smartcom for a major upgrade to “Wifi7dak,” INWI’s public Wi-Fi service.  Read More

AfDB grants €176 million for next phase of Africa's largest solar power station

The Board of Directors of the African Development Bank Group has approved one loan of €100 million and another of US $119 million for phase II of the Ouarzazate solar complex project (the NOORo II and NOORo III power stations). Read More

Microsoft drives local innovation in North Africa

At this year’s Global Entrepreneurship Summit (GES) in Morocco, Microsoft has signed a new strategic alliance with Tunisian startup Saphon Energy and introduced the first round of 50 women entrepreneurs to go through its Cloud Startup Academy. Read More

Morocco to host fifth annual Global Entrepreneurship Summit

Over 3000 entrepreneurs, Heads of state, government officials, global entrepreneurs, SMEs and  corporate leaders are expected to attend the fifth annual Global Entrepreneurship Summit in Marrakech. Read More

Ministerial Forum on Science, Technology and Innovation in Africa underway

The Second Ministerial Forum on Science, Technology and Innovation (STI) in Africa is underway at the Hassan II Academy of Science and Technology in Rabat, Morocco, to discuss boosting science and technology in Africa.  Read More

averda looks to clean more cities in Africa

averda, a global provider of innovative integrated waste management services, has showcased its new equipment dedicated to serve Casablanca. Read More

Microsoft, AFEM and INWI launch Cloud Startup Academy

Through a new Cloud Startup Academy, Microsoft, AFEM and INWI will help 50 young Moroccan women create their own Cloud-based startups. Read More

IBM fuels innovation and entrepreneurship in Africa

IBM is further expanding its operations across Africa with the opening of two new IBM Innovation Centers in Lagos, Nigeria and Casablanca, Morocco.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks

FEATURED STORY

Nigeria satellite resources to boost economic growthNigeria satellite resources to boost economic growth

The Management of NigComSat says Nigeria’s satellite resources are primed to help the nation in accelerating robust ICT infrastructure to boost economic development for the country.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

RSA research reveals blind spots in threat detection

RSA, The Security Division of EMC, has released the results of a new Threat Detection Effectiveness Survey.

Networks Unlimited event highlights SimpliVity's new Omnistack Software

Leading data protection focused distributor invites hyperconverged vendor to discuss disaster recovery and data protection.

MTN and Ericsson lead the way with first LTE-U network

To future proof its business, MTN SA, together with Ericsson, has successfully trialled LTE-Unlicensed (LTE-U) at MTN’s flagship channel store in Morningside, Johannesburg.