Maroc Télécom’s revenues up 15.9%

14 May 2007

Moroccan incumbent telephony operator Maroc Télécom achieved a consolidated turnover of MAD6.11 billion (USD739.1 million) in the first quarter of 2007, up 15.9% on the same period of 2006, the company announced in a press release. The group consolidated the results of subsidiaries Mauritel (Mauritania), Onatel (Burkina Faso) and Mobisud (French MVNO) for the first time in the quarter. Revenues from fixed line and internet services rose by 2.1% year-on-year to MAD2.62 billion and mobile revenues by 24.5% to MAD4.16 billion. Consolidated earnings from operations rose by 22.3% to MAD2.84 billion, including fixed line and internet earnings down 17.6% to MAD682 million and mobile earnings up 44.3% at MAD2.16 billion. The group’s operating margin rose by three percentage points to 46.6%. In Morocco, Télécom’s fixed line and internet turnover fell by 6.3% to MAD2.32 billion as its fixed line customer base decreased by 4.9% year-on-year to 1.27 million, whilst Moroccan internet customers rose by 38.6% to 424,000. Domestic mobile revenues rose by 19.3% to MAD3.8 billion as the company’s subscriber base grew by 32.6% to 11.37 million. The company claimed a 66.4% share of the country’s mobile market at the end of March, ahead of GSM rival Meditel.

Morocco,Maroc Telecom (IAM),


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