Maroc Telecom 9M turnover up 19%

5 Nov 2007

For the first nine months of 2007, Moroccan incumbent Maroc Telecom reported consolidated group revenues of MAD20.326 billion (USD2.651 billion), up 19% compared to the same period of last year, and consolidated operating profit of MAD9.509 billion, up 25.2% year-on-year. The telco attributed the performance to strong growth in its customer bases, especially mobile, both in Morocco and at foreign subsidiaries Mauritel (Mauritania), Onatel (Burkina Faso), Gabon Telecom and MVNO Mobisud France/Mobisud Belgium. In the third quarter of 2007 Maroc Telecom’s consolidated turnover amounted to MAD7.320 billion, up 18.2% year-on-year, whilst consolidated operating income rose 13% year-on-year to MAD3.510 billion. Moroccan operations generated nine-month revenues of MAD19.726 billion, up 8% y-o-y, and operating profit of MAD9.265 billion, up 25.6%. Mobile revenues accounted for MAD12.622 billion of the domestic total, up 16.9% from 2006, with the number of wireless customers rising by 22.3% compared to September 2006, to 12.838 million, after a net increase of 1.1 million users during the July-September quarter. Moroccan mobile churn rate reached 26.6% in 3Q07, up 6.2 percentage points compared to the year-ago period, while monthly blended ARPU stood at MAD109, down 8.1% year-on-year. Domestic fixed line and internet revenues amounted to MAD7.104 billion, down 5.0% year-on-year. At end-September, Maroc Telecom’s number of fixed lines in service reached 1.279 million, up 0.9% in twelve months, and its ADSL customer base reached 443,000, up 36.3%. At its Mauritanian unit Mauritel, a 51.1% annual rise in mobile customers to nearly 843,000 drove an 18.3% year-on-year rise in total revenues to MAD873 million in the first three quarters of 2007.

Mauritania, Morocco, Maroc Telecom (IAM), Moov Mauritel