Rabat – Maroc Telecom revealed, in a press release its results for the first quarter of 2018. The telecommunications giant reported revenue growth of 7.8 percent with nearly 59 million customers in the group.
Sales and net profit attributable to the operator’s group rose by 5.6 percent compared with the same period a year earlier.
The first quarter of 2018 confirms the return to growth of activities in Morocco which generated a turnover of MAD 5.3 billion, up 4.6 percent, “thanks to the revenues of the Mobile activities ( + 2.7%) and Fixed (+ 4.9%), which benefit from the popularity of broadband offers.”
The EBITDA margin rate (earnings before interest, tax, depreciation and amortization) is maintained “at the high level of 49.8%” thanks to the Group’s EBITDA, which increased by 5.7 percent, notes the same source.
“The results of this first quarter confirm the relevance of the strategy and the efficiency of the Maroc Telecom model. The Group’s investment policy is continuing to support customers’ growing appetite for Mobile and Fixed Broadband,” said Abdeslam Ahizoune, Chairman of the company’s executive board.
“The new activities in Sub-Saharan Africa show strong growth and confirms Maroc Telecom’s external growth strategy in high-potential markets,” he added.
Maroc Telecom is Morocco’s main telecommunications company, with just over 18 million subscribers. The remaining stakes of Maroc Telecom are controlled by the United Arab Emirates telecoms’ firm, Etisalat, following the acquisition of the Paris-headquartered media company Vivendi’s 53-percent stake in the Moroccan telecom firm.
Maroc Telecom is the first global operator in Morocco and Africa to offer secure mobile management, connected object solutions for companies like Smart Car, and innovative solutions, such as the MT Cloud solution.
In 2017, Maroc Telecom received the “Best African Operator” award at the Telecoms Review Excellence Awards in Dubai.