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Maroc Telecom sales growth improves to 4.3% in Q3
2014-10-27 09:04:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom Group posted a 4.3 percent increase in its third-quarter revenue to MAD 7.3 billion, buoyed by strong growth in international activities and a return to growth in Morocco. The home market benefited from higher consumption in the mobile segment as well as successful data offers in the fixed-line segment. For the nine months ending 30 September, Maroc Telecom reported revenues of MAD 21.86 billion, up 1.9 percent over the same period of last year. This includes 11.5 percent growth in revenues from international activities and a decline of 1.1 percent in the activities in Morocco. Growth in the group's customer base reached an annual rate of 10 percent, to 39.5 million customers at 30 September. This was mainly due to growth of 21 percent in the international customer base. Nine-month EBITDA reached MAD 12.01 billion, a decline of 3.0 percent compared to last year, hurt by a reduction of 5.9 percent in EBITDA in Morocco, partially offset by the 6.2 percent rise in EBITDA from subsidiaries. The EBITDA margin fell by 2.8 points to 54.9 percent.
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Category:Telecommunications