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Maroc Telecom buys Etisalat West Africa ops

2015-01-28 01:00:00| Total Telecom industry news

Telco pays 474 billion for six operating units and IT business from parent company.

Tags: west africa telecom maroc

Etisalat posts strong Q3 on Maroc Telecom, domestic ops

2014-10-29 01:00:00| Total Telecom industry news

UAE operator buoyed by acquisition of a controlling stake in Moroccan telco; net profit grows by 22%.

Tags: posts strong domestic telecom

Maroc Telecom sales growth improves to 4.3% in Q3

2014-10-27 09:04:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom Group posted a 4.3 percent increase in its third-quarter revenue to MAD 7.3 billion, buoyed by strong growth in international activities and a return to growth in Morocco. The home market benefited from higher consumption in the mobile segment as well as successful data offers in the fixed-line segment. For the nine months ending 30 September, Maroc Telecom reported revenues of MAD 21.86 billion, up 1.9 percent over the same period of last year. This includes 11.5 percent growth in revenues from international activities and a decline of 1.1 percent in the activities in Morocco. Growth in the group's customer base reached an annual rate of 10 percent, to 39.5 million customers at 30 September. This was mainly due to growth of 21 percent in the international customer base. Nine-month EBITDA reached MAD 12.01 billion, a decline of 3.0 percent compared to last year, hurt by a reduction of 5.9 percent in EBITDA in Morocco, partially offset by the 6.2 percent rise in EBITDA from subsidiaries. The EBITDA margin fell by 2.8 points to 54.9 percent.

Tags: sales growth telecom improves

Alshaya Maroc SAS in Apparel and Footwear (Morocco)

2014-06-17 02:00:00| Apparel & textile industry market research - from just-style.com

Alshaya Maroc SAS, the representative of H&M in Morocco, plans to expand its number of outlets across the country in order to counter the growing competition from Inditex in Morocco.

Tags: apparel morocco sas maroc