0
General

Maroc Telecom Q3 revenues down 7% on weak domestic market

Tuesday 30 October 2012 | 11:00 CET | News

Maroc Telecom group's revenues amounted to MAD 22.52 billion in the first nine months of 2012, down 3 percent year-on-year as lower revenues in Morocco (-7.1%) offset strong revenue growth (+17%) in its international business. In the third quarter alone, revenues fell 6.9 percent to MAD 7.35 billion. The group's customer base continued to grow, up 18 percent from a year earlier to nearly 33 million thanks to a 43 percent rise at the international business. 

Over the first nine months, EBITDA amounted to MAD 12.53 billion, down by 2.7 percent from a year earlier. This reflects the 8.1 percent decline in EBITDA in Morocco, offset partly by a 30 percent rise in international EBITDA. In the third quarter, EBITDA amounted to MAD 4.17 billion, 8.5 percent less than in 2011. Cash flow from operations improved 1 percent to MAD 8.3 billion, and the operator reiterated its target for a full-year figure stable at MAD 11.5 billion. Maroc Telecom expects an EBITA margin of over 38 percent for the full year, excluding restructuring costs, after a result of 39.5 percent in the first nine months. 

The activities in Morocco generated revenues of MAD 17.601 billion, down by 7.1 percent due to successive cuts in mobile termination rates, a focus on usage-based promos and lower fixed-line revenues. EBITDA amounted to MAD 10.17 billion, 8.1 percent lower than in 2011. Operating expenses increased only 0.1 percent, despite a 38 percent increase in voice traffic on the mobile network. 

Mobile ARPU was down 8.9 percent to MAD 80, while the customer base grew 6.2 percent to 18.022 million. Fixed lines also grew 1.2 percent to 1.247 million, and broadband subscribers were up 17.5 percent from a year ago to 648,000.



Categories: General
Companies: Maroc Telecom
Countries: Africa / Morocco
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






16% of digital TV connections uses DSL networks
Netherlands  |  2014 Q1

Calendar   /   Industry Events

30 Jul KPN Q2 2014
30 Jul Telefonica Deutschland Q2 2014
30 Jul Sprint fiscal Q1
30 Jul Akamai Q2 2014
30 Jul Ruckus Wireless Q2 2014
30 Jul Equinix Q2 2014
30 Jul Entropic Q2 2014
30 Jul Sonus Networks Q2 2014
30 Jul MobileIron Q2 2014
30 Jul Rovi Q2 2014
30 Jul Hrvatski Telekom Q2 2014
31 Jul Samsung Electronics Q2 2014
31 Jul HTC Q2 2014
31 Jul Sierra Wireless Q2 2014
31 Jul MTS Allstream Q2 2014
31 Jul Vonage Q2 2014
31 Jul MediaTek Q2 2014
31 Jul PMC Q2 2014
31 Jul BT fiscal Q1
31 Jul Charter Q2 2014
31 Jul 3 Group H1 2014
31 Jul TeleCommunication Systems Q2 2014
31 Jul Telenet Q2 2014
31 Jul Alcatel-Lucent Q2 2014
31 Jul Colt Q2 2014
31 Jul Telefonica Q2 2014
31 Jul Yahoo Japan fiscal Q1
31 Jul Time Warner Cable Q2 2014
01 Aug Belgacom Q2 2014
04 Aug 4th Annual Enhancing Customer Experience,Loyalty and Retention in Telecom
::: More Calendar Items