Maroc Telecom (IAM), the country’s leading telco in terms of subscribers, has published its financial results for the twelve months ended 31 December 2017, reporting a 0.8% decrease in revenues, from MAD35.25 billion (USD3.8 billion) to MAD34.96 billion. The development was attributed to a 3.6% drop in sales in its domestic market, which was partly offset by a 2.4% increase in revenues generated by the group’s international operations. Meanwhile, the telco’s EBITDA increased by 1.5% year-on-year in the period under review, to MAD17.16 billion, with this attributed to a 7.6% growth in EBITDA from the company’s international operations, although this was partly offset by a 1.8% decline in the Moroccan unit’s EBITDA. IAM’s consolidated earnings from operations reached MAD10.55 billion in the year to 31 December 2017, a 1.2% increase y-o-y, while the group’s share of net income amounted to MAD5.87 billion, up by 4.4% when compared to 2016.
In operational terms, the group reported annualised growth of 5.5% for its consolidated customer base, with the total nearly reaching the 57 million mark at end-2017. In Morocco, wireless subscribers increased by 0.9% y-o-y to reach 18.53 million, up from 18.38 million in 2016; the telco’s 3G/4G user base grew by 20.9% to 9.48 million, while broadband customers increased by 9.8% y-o-y to 1.36 million. In Niger, wireless accesses increased by 49.0% to 2.11 million, while Cote d’Ivoire saw a 13.1% y-o-y rise in mobile subscribers to 7.73 million at 31 December. Furthermore, mobile subscriber growth was also reported in Togo (2.94 million, up 19.5%), Burkina Faso (7.17 million, 2.6%), Mauritania (2.14 million, 7.8%), Mali (7.19 million, 1.5%) and Benin (3.96 million, 6.2%), while Gabon reported an annual decline of 8.4% (1.55 million).