Moroccan telecoms group Maroc Telecom has reported reaching a total of 25.1 million customers across its domestic and international operations by the end of September 2010, up 17% year-on-year, reflecting sustained growth in its mobile user base in Morocco – up by 9.8% – and especially at its African subsidiaries, where it reached a combined total of almost 6.3 million mobile customers, up 58% versus the same date in 2009. In the first nine months of 2010 Maroc Telecom announced that its consolidated revenues increased by 5.8% to MAD23.7 billion (USD3.0 billion), whilst earnings from operations before depreciation and amortisation (EBITDA) rose by 5.1% to MAD14.0 billion. Its statement added that earnings from operations (EFO) in the three quarters to the end of September climbed 3.5% y-o-y to MAD10.5 billion, or a 44.3% operating margin.
In 9M10 Maroc Telecom’s fixed line, mobile and broadband operations in Morocco generated net revenues of MAD19.6 billion, up 1.9% versus the corresponding period in 2009. Domestic nine-month EFO stood at MAD9.6 billion, up 0.9% y-o-y.