Maroc Telecom’s EBITDA falls 5.7% in Q1

6 May 2011

Moroccan fixed line, broadband and mobile operator Maroc Telecom has posted financial results for its domestic and foreign subsidiaries for the first quarter of 2011. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) decreased by 5.7% year-on-year to MAD4.04 billion (USD2.61 billion) in the three months to the end of March, which the company attributed largely to slow revenue growth in Morocco. Overall year-on-year revenue growth across the group was reported at 1.2% in Q1 2011, taking the figure to MAD7.5 billion. The Vivendi-backed group’s total customer base stood at 26.2 million at 31 March 2011, up by 17% from a year earlier, helped by 56% mobile subscriber growth across its units in Mali, Mauritania, Gabon and Burkina Faso, and 6.9% growth in its Moroccan cellular user accounts.

Morocco,Maroc Telecom (IAM),

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