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Optimization of the company's cash flow

This book is about the company's treasuries and financial management, more specifically; it shows how a company can manage its treasury in an efficient and short way.

This book is about the company's treasuries and financial management, more specifically; it shows how a company can manage its treasury in an efficient and short way.

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Some Market highlights:<br />

Majority stake in Maroc Telecom sold to Etisalat;<br />

Commercial LTE services expected in late 2014 or early 2015;<br />

New terabit international fiber optic cable lands;<br />

Fixed-mobile convergence streng<strong>the</strong>ns;<br />

Mobile broadband accounting for 85% <strong>of</strong> all internet connections;<br />

National Broadband Plan 2012-2022;<br />

Mobile subscriptions continue to grow at 8%.<br />

2. Suppliers: WANA Corporate<br />

Initially founded by Karim Zaz, Maroc Connect started marketing its Internet services representing <strong>the</strong><br />

brand Wanadoo, using <strong>the</strong> name Wana for a few years. The company was later controlled by <strong>the</strong> Moroccan<br />

conglomerate ONA, with <strong>the</strong> Zain <strong>of</strong> Kuwait holding about 32% <strong>of</strong> equity since 2009. Following an<br />

agreement with <strong>the</strong> consortium Kuwaiti Zain / Ajial, 2.85 billion were invested in exchange for 32% <strong>of</strong> <strong>the</strong><br />

new company. On February 24, 2010, <strong>the</strong> former ONA WANA brand was given a face-lift, change <strong>of</strong> name,<br />

corporate identity and strategy.<br />

Internet:<br />

Initially, in order to avoid <strong>the</strong> high cost <strong>of</strong> wiring and installations and to quickly serve <strong>the</strong> commercial<br />

market, INWI used Last Mile Wireless Delivery Systems) to provide internet connection to <strong>the</strong> market.<br />

Claims to have EDGE and 2G coverage in 45% <strong>of</strong> <strong>the</strong> country, with prepaid and contract After Sales 200DH<br />

(18 €) 1MG.<br />

Mobile phones:<br />

The service was started on February 7, 2007 breaking a record <strong>of</strong> subscriptions to its services: 24000 in one<br />

day. With about 2 million customers, is <strong>the</strong> third operator with 3G license. With an <strong>of</strong>fer <strong>of</strong> "Tic Tac" INWI<br />

introduced per second billing from <strong>the</strong> first second. Fur<strong>the</strong>rmore, <strong>the</strong> rate is only 0.07 cents per second for<br />

all operators and at any time. The prepaid BlackBerry services in <strong>the</strong> SIM card to 20 dirhams, or access to<br />

MSN Messenger 5 dirhams per hour are all exclusive INWI.<br />

Branches:<br />

More than 50.000 in all Morocco.<br />

3. Clients<br />

IWACO as a delegated distributor for INWI knows as WANA CORPORATE earlier, is fixing <strong>the</strong> eyes on <strong>the</strong><br />

typology <strong>of</strong> clients that INWI has studied. In first beginnings, <strong>the</strong> clients were <strong>the</strong> small customers and<br />

particular clients, and by <strong>the</strong> time goes, <strong>the</strong> zone took a bigger size to ga<strong>the</strong>r Small and Big companies.<br />

The segments <strong>of</strong> clients are divided into types; <strong>the</strong> small clients are represented in <strong>the</strong> grossest and <strong>the</strong><br />

franchise, that usually play <strong>the</strong> role <strong>of</strong> intermediate between <strong>the</strong> producer and <strong>the</strong> final clients, yet, <strong>the</strong>y<br />

also form a type <strong>of</strong> clients. But <strong>the</strong> final clients also represents <strong>the</strong>mselves in <strong>the</strong> area <strong>of</strong> <strong>the</strong> company’s<br />

environment from a side where <strong>the</strong> producer and <strong>the</strong> distributer has <strong>the</strong> possibility <strong>of</strong> doing <strong>the</strong> direct<br />

selling as <strong>the</strong> indirect (through distributers). And <strong>the</strong>n, <strong>the</strong>re are <strong>the</strong> big and small companies, <strong>the</strong>se clients<br />

are considered as <strong>the</strong> most important clients since <strong>the</strong>y represent <strong>the</strong> biggest part <strong>of</strong> <strong>the</strong> turnover.<br />

Page 74 <strong>of</strong> 124

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