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Maroc Telecom Q1 revenue down 4.7% to MAD 7.18 bln

2013-04-30 09:32:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group's revenues for the first quarter declined by 4.7 percent year-on-year to MAD 7.18 billion. The group attributed the slump in revenue to slower consumer spending in Morocco, where revenues fell 7.5 percent. This was partially offset by 7 percent growth at its international activities. The customer base reached nearly 34 million at 31 March, up 14.1 percent year-on-year, led by growth at the international business, which grew by 32 percent to 14 million customers. EBITDA amounted to MAD 4.23 billion, an increase of 0.1 percent, and the EBITDA margin rose by 2.8 percent points to 58.9 percent. This included a 3.4 percent decline in EBITDA in Morocco, compensated by strong growth in international EBITDA. The result was further helped by a higher gross margin (boosted by lower mobile termination rates), reduced customer acquisition costs and operating expenses, and a voluntary redundancy plan in the second half of 2012. EBITA was also up 0.1 percent to MAD 3.04 billion, while operating cash flow was down 13.2 percent to MAD 2.32 billion, after higher spending on network upgrades in Morocco.

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Telecom buys local data firm Revera for $96.5m

2013-04-29 05:10:23| Telecom - Topix.net

Gen-i CEO Tim Miles said the Revera buy will give the Telecom subsidiary more data centre capacity.

Tags: data local firm telecom

 
 

China Telecom grows Q1 revenues 15%

2013-04-29 04:02:00| Telecompaper Headlines

(Telecompaper) China Telecom posted a first quarter profit of CNY 4.70 billion, up 10 percent from CNY 4.27 billion a year earlier. Operating revenues grew 14.6 percent to CNY 77.82 billion from CNY 67.93 billion and operating revenues excluding mobile terminal sales were CNY 68.58 billion, up 10.1 percent year-on-year. China Telecom's first quarter EBITDA stood at CNY 24.93 billion, up 35.5 percent, and the EBITDA margin was 36.3 percent, representing an increase of 6.8 percentage points. The company ended the quarter with 168.03 mobile subscribers, after gaining 7.41 million new subscribers in the quarter. The total includes 78.07 million 3G customers. Fixed broadband subscribers grew by 3.06 million to 93.18 million but the number of local access lines in service fell by 1.30 million in the quarter to 161.70 million.

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Telecom NZ to buy IT company Revera for NZ$96.5 million

2013-04-29 02:00:00| Total Telecom industry news

Deal will expand telco's IT services portfolio for business customers, particularly with regards to cloud services, CEO says.

Tags: company buy million telecom

 

Etisalat, Ooredoo bid for Maroc Telecom

2013-04-25 02:00:00| Total Telecom industry news

Vivendi confirms it has received two binding offers for its 53% stake in Moroccan operator.

Tags: bid telecom maroc etisalat

 

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