Meditel boosts profit by 126%

4 Apr 2011

France Telecom’s 40%-owned Moroccan affiliate Medi Telecom (Meditel) has posted a 126% year-on-year rise in its net profit in 2010 to MAD623 million (USD78 million), on a 7% rise in turnover to MAD5.7 billion, reports Reuters quoting the MAP news agency. Meditel’s total number of customers rose 14% in the year to 10.8 million, nearly all mobile GSM/HPSA users. The company has also announced that it has completed a fibre-optic backbone route connecting Settat, Beni Mellal, Khouribga and Oued Zem, giving the GSM/HSPA-based operator a total of 2,425km of fibre backhaul infrastructure to support mobile base stations, WiMAX and terrestrial links.

Morocco,Orange Morocco (Meditel),

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