Maroc Telecom group’s 1H revenue up 6%, profit down 4%

28 Jul 2010

Moroccan full-service telco Maroc Telecom has posted a 4.1% year-on-year fall in consolidated group net income to MAD4.46 billion (USD523 million) in the first six months of the year. Overall mobile, fixed and broadband turnover increased by 6% y-o-y in January-June 2010 to MAD15.5 billion as the Vivendi-backed operator’s consolidated customer base grew by 20% in the same period to 23.6 million. The firm announced that it is redoubling efforts to continue growth in both sales and user volumes across its subsidiaries in Morocco, Mauritania (Mauritel), Burkina Faso (Onatel), Gabon (Gabon Telecom, Libertis) and Mali (Sotelma). On 30 June Maroc Telecom signed an agreement with Belgacom subsidiary Scarlet to sell MVNO Mobisud Belgium to the latter. Having previously sold Mobisud France to SFR, the Moroccan telco has now withdrawn completely from the MVNO sector, saying that it was ‘not economically viable.’

Morocco,Maroc Telecom (IAM),

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