Monday, May 11, 2009

Maroc Telecom Registers Q1 Revenue Growth of 2.4%

Maroc Telecom Group's revenues in the first quarter reached MAD 7.1 billion, up 2.4 percent compared to the year-earlier period. Operating profit rose to MAD 3.2 billion, up 2.7 percent on a strong performance both in its home market Morocco and in the subsidiaries' operations in sub-Saharan Africa. The group's EBITDA increased to MAD 4.2 billion, up 4.9 percent.

The customer base grew by 9.7 percent year-on-year to 19.7 million at 31 March. This growth was essentially attributable to mobile services in Morocco, which achieved a 6.8 percent year-on-year increase in the customer base to 14.6 million (up by 147,000 from December), and to the African subsidiaries, which expanded the mobile customer base by 42.8 percent to 2.8 million. Revenues in Morocco rose to MAD 6.1 billion in the first quarter, up 1.0 percent year-on-year, with mobile service revenues up 1.9 percent to MAD 4.4 billion

The annualized mobile churn rate came to 37.5 percent, representing a 2.6 point increase versus the previous quarter, while blended ARPU amounted to MAD 91, down 6.4 percent year-on-year, essentially due to the impact of growth in the customer base and lower interconnection revenues. Revenues in the fixed-line and internet segments in Morocco came to MAD 2.4 billion, up 1.2 percent year-on-year. At end-March, the fixed-line network had 1.286 million lines in service, representing a 3.7 percent decrease year-on-year, while the average monthly bill increased marginally (up 0.6%).

The ADSL customer base totaled 488,000 lines at 31 March, up 0.2 percent year-on-year. In addition, the 3G mobile internet customer base rose from 28,000 customers to 65,000 customers during the first quarter.

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