Maroc Telecom’s subscriber base rises 11.2% to 21.4mn, sales down in 3Q

5 Nov 2009

Maroc Telecom has reported that its consolidated customer base increased by 11.2% year-on-year to 21.4 million at the end of September 2009, whilst group EBITDA for the first nine months of 2009 rose 1.6% to MAD13.3 billion (USD1.7 billion), a margin of 45.3%, on turnover that climbed 1.7% to MAD22.4 billion. However, according to the Moroccan incumbent’s press release, the nine-month operating margin was down 1.8 points on an annual comparable basis, whilst consolidated turnover for the third quarter of 2009 stood at MAD7.8 billion, down 0.6% on a comparable basis compared to 2008. The fixed line, mobile and broadband group’s outlook for full-year 2009 includes sales growth of around 2% and an operating margin of around 45%. As at 30 September 2009 Maroc Telecom consolidates Mauritel, Onatel, Gabon Telecom, Mobisud Belgium and Sotelma (since 1 August 2009). Since 1 June 2009, Mobisud France is no longer consolidated in the group accounts.

Morocco,Maroc Telecom (IAM),

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