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.






Vodafone spends most on mobile phone advertisements (30% of gross spendings)
Netherlands  |  2014 Q1, Q2, Q3

Calendar   /   Industry Events

21 Oct Verizon Q3 2014
21 Oct Comptel Q3 2014
21 Oct Broadcom Q3 2014
21 Oct Broadband World Forum
21 Oct Iran Telecoms & IT 2014 Global Summit
21 Oct Customer Experience Management in Telecoms
22 Oct EE Q3 2014
22 Oct DTAC Q3 2014
22 Oct Turk Telekom Q3 2014
22 Oct NXP Semiconductors Q3 2014
22 Oct AT&T Q3 2014
22 Oct EMC Q3 2014
22 Oct Polycom Q3 2014
22 Oct Millicom Q3 2014
22 Oct Espial Q3 2014
22 Oct Orange Polska Q3 2014
22 Oct Logitech Q3 2014
22 Oct Infinera Q3 2014
22 Oct Fortinet Q3 2014
23 Oct Rogers Communications Q3 2014
23 Oct ADVA Optical Networking Q3 2014
23 Oct Nokia Q3 2014
23 Oct Altera Q3 2014
23 Oct Sonus Networks Q3 2014
23 Oct Sequans Communications Q2 2014
23 Oct Tele2 Q3 2014
23 Oct Telekom Austria Q3 2014
23 Oct America Movil Q3 2014
23 Oct Orange Q3 2014
23 Oct 2nd Enterprise Mobility China Summit 2014
::: More Calendar Items