I. Telecommunications sector in Morocco. II. Presentation of the brand. III. IAM history. IV. IAM strategy in the local market. V. IAM expansion reasons. VI. IAM management measures taken to go international . VII. IAM internationalisation strategy : « subsidiary ». VIII. IAM risks faced in the foreign market. The risks inherent in potential acquisitions by IAM of telecom companies or licences could have an impact on MAROC TELECOM ’s business activities. The business activity of IAM outside Morocco could give rise to additional risks. Wherever IAM operates , it could fail to retain key personnel or to hire highly qualified staff which could significantly affect the company’s business activities and its ability to adapt to its environement. MAROC TELECOM’s business could be affected by regulatory pressure in the markets in which its subsidiaries operate.