Maroc Télécom 1H sales up 19.5%

23 Jul 2007

Moroccan incumbent telco Maroc Télécom has reported a 19.5% year-on-year rise in first-half revenue to MAD13 billion (USD1.6 billion), boosted by growth in its domestic mobile and internet access businesses as well as expansion of foreign subsidiaries. In the second quarter, sales increased 22.8% year-on-year to reach MAD6.9 billion, compared to 15.9% growth in the first quarter. In Morocco, mobile revenue rose 17.1% to MAD7.9 billion as the GSM customer base reached 11.7 million customers at the end of June, up by 31.3% year-on-year and a net increase of over 900,000 users since the beginning of the year. In fixed line and internet activities, gross sales increased 3.9% to MAD4.7 billion, with fixed lines in service standing at 1.280 million at mid-year, a net increase of nearly 14,000 lines over six months thanks to the success of unlimited call offers, but down 2.3% year-on-year. ADSL internet subscribers grew by 54,000 over the half-year to 438,000, up by 34.8% compared to June 2006. Outside Morocco, Mauritel in Mauritania recorded 1H revenues of MAD585 million, up by 18.9% year-on-year, Onatel in Burkina Faso saw gross sales amount to MAD738 million, up 17.3%, while Gabon Telecom, which was acquired by Maroc Télécom in February, reported revenues for the March-June period of MAD453 million, up 8.5% on a comparable basis.

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