Morocco Emerges As Attractive Investment Despite Region's Political Instability
Through all the North African uprisings and instability, Morocco has emerged as the most politically stable and therefore attractive market in North Africa for telecom investments, according to a new report from Pyramid Research.
Morocco is expected to maintain a strong position when compared to other regional, Middle East and African, telecom markets. "Pyramid Research forecasts total revenue to increase by a 4.1% CAGR over the next five years, from a projected $4.47bn in 2010 to $5.47bn in 2015," indicates Hosn. "The mobile segment, comprised of voice and data, made up 71.6% of total revenue in 2010, a figure Pyramid Research expects to increase slightly over the forecast period, reaching 76.3% by 2015, thanks to tremendous growth in mobile broadband uptake and increased competition amongst the three mobile providers," he adds.
"Through all the North African uprisings and instability, Morocco has emerged as the most politically stable and therefore attractive market in North Africa for investments," Hosn states. As the major players seem to have found their strategic partnerships, the smaller companies remain a deep well of possibilities and opportunities. The coming years will see strong growth in the three major players and with it will come evermore dependence from the smaller specialized service providers.
"Whether it be VOIP providers, broadband Internet repackaging, or pay-TV installers, the smaller companies will be called to duty and therefore present a viable investment option for investors looking to capture a share of the projected $1.44bn data segment by 2015, or other promising indicators," he indicates.