je.st

Home › maroc

Tag: maroc

Maroc Telecom FY revenue grows 17% to MAD 34 bln

2016-02-15 09:27:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group's revenues increased to MAD 34.13 billion in 2015, up 17.1 percent on the year thanks to the consolidation of African subsidiaries acquired from its parent Etisalat and revenue stabilization in its home market Morocco. Customers numbered nearly 51 million at the end of 2015, up 26 percent year-on-year. EBITDA amounted to MAD 16.74 billion, up 6.7 percent from the previous year. Despite the dilutive effect of the new subsidiaries, the group's EBITDA margin was nearly stable year-on-year at 49.0 percent, thanks to continuing efforts to control direct costs and minimize operating costs. Net profit fell 4.3 percent to MAD 5.6 billion, mainly due to the losses generated by the new subsidiaries. Cash flow from operations was MAD 9.36 billion, down 19 percent from 2014, following the 80 percent growth in capital investment. Maroc Telecom is projecting for 2016 stable revenues and a slight decrease in EBITDA at constant scope and exchange rates and capital expenditure around 20 percent of revenues, excluding frequencies and licences.

Tags: mad revenue telecom grows

Maroc Telecom accelerates growth in Q3

2015-10-26 09:01:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group recorded third-quarter revenues up 4.8 percent on a like-for-like basis, thanks to a return to growth in Morocco (+3.3%) and accelerating International growth (+8.7%). Its customer base reached 51 million at 30 September, up 29 percent year-on-year, thanks to the acquisition of new subsidiaries from its parent Etisalat. EBITDA was up 5.1 percent on a like-for-like basis thanks to Morocco's EBITDA resumed growth (+1.6%) and the strong increase in International EBITDA (+13.2%). Over the first nine months of the year, revenues rose 16.6 percent to MAD 25.5 billion, and EBITDA was up 6.2 percent to MAD 12.76 billion. Net profit fell 6.2 percent to MAD 4.32 billion due to higher costs for the acquisition and consolidation of the new subsidiaries. Operating cash flow in the year to date was MAD 7.03 billion, 9.4 percent less than the same period the previous year as a result of the payment of the 4G licence in Morocco (MAD 910 million) and the renewal of the 2G licence in Mauritania for MAD 301 million. Excluding licences, cash flow was up 6.2 percent, as the 61 percent increase at the International activities more than offset the 12 percent decrease in Morocco. The Group's International activities posted revenues of MAD 10.22 billion, up 60.3 percent as a result of the group's broader scope and up by 6.5 percent on a like-for-like basis. The historical subsidiaries increased revenue 7.9 percent at constant exchange rates, and the newly acquired subsidiaries grew by 4.6 percent on the same basis. Third-quarter revenues from the International activities were up 8.7 percent, driven by the acceleration in growth at the new subsidiaries (+11.4%), impelled mainly by strong performance in the Ivory Coast and Niger.

Tags: growth telecom maroc q3

Maroc Telecom launches two new unlimited offers

2015-06-08 09:42:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom is offer two subscription plans that offer unlimited domestic voice and SMS, international calls and 3G Internet. It is also adding many call hours and more internet capacity to all its mobile plans. For MAD 199, it is offering the Unlimited National Mobile plan, which provides unlimited domestic calls and SMS, a credit of MAD 125 for international calls, and 3 GB of Internet. For MAD 399, Maroc Telecom is offering the Unlimited National and International Mobile plan, with unlimited national and international calls and SMS (Zone 1), a credit of MAD 125 for International calls to Zones 2 and 3, and 12 GB of internet.

Tags: offers unlimited telecom launches

Maroc Telecom FY net profit up 5.6% to MAD 5.85 bln

2015-02-23 09:33:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31 December 2014, an increase of 8.2 percent compared with 2013, primarily due to the international operations, where the customer base is around 20 million customers, up 17 percent in one year. Revenues rose by 2.1 percent to MAD 29.14 billion, up 2.1 percent from 2013 at a constant exchange rates. This performance is primarily explained by an 11.3 percent increase in international operations, and a 0.8 percent decrease in revenues in Morocco.

Tags: net profit mad telecom