Maroc Telecom annual revenues up 7.2%, growth slows to 3.9% in 4Q

19 Jan 2009

Maroc Telecom has reported consolidated revenues of MAD29.52 billion (USD3.56 billion) in 2008, up 7.2%, thanks to the continuing growth of its domestic and international mobile businesses. In the fourth quarter of the year, consolidated sales grew 3.9% year-on-year to MAD7.48 billion. Gross mobile revenues in Morocco amounted to MAD18.53 billion in 2008, up 8.4%, with the customer base reaching 14.456 million at 31 December 2008, up 8.5% compared to the end of 2007. Mainly due to the huge customer growth in 2007 (2.6 million), the annual churn rate in 2008 increased to 34.9%. Fixed line and internet activities in Morocco generated 2008 gross revenues of MAD9.68 billion, up 2.5% thanks to the continuing growth of data (26%) and internet (5%) revenues, and despite the 1.2% decrease in average monthly invoices. The fixed line subscriber base reached 1.299 million lines at end-December, down 2.8% year-on-year. Fixed internet access lines stood at 482,000 at end-2008 (99% ADSL), up 1.3% compared to 2007, to which the operator also added nearly 30,000 mobile ‘3G’ broadband subscribers and 10,000 IPTV customers. Amongst Maroc Telecom’s subsidiaries, Mauritel in Mauritania ended the year with 1.142 million mobile users, up from 905,000 at end-2007; Onatel (Burkina Faso) increased its cellular base from 564,000 to 977,000; whilst Gabon Telecom had 447,000 mobile subscriptions at end-December, up 15.8% year-on-year.