Meditel’s revenues jump 21%, subscribers up 47%

2 Mar 2006

Médi Télécom (Meditel), Moroccos’s second largest cellco, reported 4.023 million mobile subscribers at 31 December 2005, up 47.4% in twelve months. Net customer additions in the fourth quarter were 185,000, 17% up on 4Q04. Revenues for the full-year 2005 were EUR397 million, up 21%. OIBDA increased by 2% year-on-year to EUR153 million, while the OIBDA margin for the year was 39%, down from 46% the previous year, affected by a 40% rise in overall commercial activity. Morocco’s cellular market leader, state-owned Maroc Télécom, reported a subscriber base of 8.8 million at the end of 2005.

Morocco,Orange Morocco (Meditel),

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