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Maroc Telecom cuts FY revenue forecast after 2.8% fall in H1

2017-07-24 09:15:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom group's adjusted net profit increased by 5.7 percent to MAD 2.92 billion in the first six months to 30 June from MAD 2.77 billion in the same period in 2016, thanks to the sharp increase in the net income of the African subsidiaries' activities. Revenues however declined by 2.8 percent to MAD 17.09 billion, primarily due to the deregulation of IP telephony in Morocco and the decrease in call termination rates. Maroc Telecom said it now expects lower underlying revenues in the full year.

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Category:Telecommunications

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