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Marcoc Telecom returns to revenue growth in Q2

2014-07-21 08:21:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group reported improved results for the second quarter, thanks to continued growth at its international activities and an economic recovery in its home market Morocco. Revenue returned to growth, up 1.3 percent year-on-year to MAD 7.4 billion, while the EBITDA decline slowed to 2.0 percent, to MAD 4.1 billion. The group's customer base rose to 38 million at 30 June, up by 9.2 percent year-on-year. Over the first six months, revenues were up 0.7 percent to MAD 14.6 billion, while EBITDA declined by 4.4 percent to MAD 8.03 billion. This was due to a 7 percent drop in EBITDA in Morocco only partially compensated by a 4.1 percent rise in EBITDA from international activities. The EBITDA margin fell by 2.9 percent points to 55.2 percent. Net income dropped 12.7 percent year-on-year to MAD 3.07 billion, and operating cash flow was down 4.9 percent to MAD 5.1 billion. The group maintained its annual forecast of a slight decline in EBITDA and slightly higher capital expenditures. 

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SK Telecom, Ericsson show off 5G 'elastic' cell

2014-07-21 02:00:00| Total Telecom industry news

Technology aims to improve cell-edge data transfer rates by up to 50%.

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Vodafone, Portugal Telecom to share fibre

2014-07-21 02:00:00| Total Telecom industry news

Vodafone's integrated services strategy rumbles on with 25-year deal that extends its reach to a further 450,000 homes in Portugal.

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Verizon Telecom Pioneers attend Blind Association function

2014-07-20 13:38:07| IT Services - Topix.net

Verizon Telecom Pioneers, Wilkes-Barre Chapter, recently attended the Blind Association Volunteer Appreciation Luncheon at Mohegan Sun.

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Verizon Telecom Pioneers attend Blind Association function

2014-07-20 13:23:47| Telecom - Topix.net

Verizon Telecom Pioneers, Wilkes-Barre Chapter, recently attended the Blind Association Volunteer Appreciation Luncheon at Mohegan Sun.

Tags: function association attend blind

 

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