Meditel breaks down 2Q results

27 Jul 2009

Morocco’s second largest GSM network operator by subscribers Meditel has presented results from the second quarter of 2009, in which its turnover rebounded by 1% to MAD1.24 billion (USD158 million) on the back of year-on-year customer base growth of nearly 22% to 8.6 million, up from 7.1 million at mid-2008, and despite a 16% drop in ARPU over the year. Meditel’s customer growth rate was thought to be greater than larger rival Maroc Telecom, which by the last published count had 14.6 million users at end-March 2009, up from 14.2 million in June 2008. Meditel broke down its performance by segments for investors, showing post-paid revenues that were up 5.8%, enterprise user sales up 9.0%, internet turnover up 120%, and pre-pay revenues up 2.8%, with only earnings from international and roaming services down 6.4%.

Morocco, Orange Morocco (Meditel)