Maroc Telecom’s subscribers grow 14 per cent to 22.4 million

Vivendi-owned Maroc Telecom Group has reported first quarter revenues of MAD 7.437 billion (US$858 million), a 4.3 increase compared to the same quarter in 2009. Consolidated operating income rose by 0.5 per cent to MAD 3.205 billion, while EBTIDA grew 1.5 per cent for the same period.

Group subscribers also grew 14 per cent year-on-year to hit 22.4 million, taking into account its subscribers in Morocco and subsidiaries in Mauritania (Mauritel), Burkino Faso (Onatel), Gabon (Gabon Telecom), Mali (Sotelma) and Belgium (Mobisud Belgium).

Maroc’s home market of Morocco contributed MAD 6.095 to Q1 revenues, with an operating income of MAD 2.898 billion. Mobile customers grew by 6.5 per cent year-on-year to reach 15.578 million, including 265,000 3G mobile broadband customers. The operator’s ADSL fixed broadband customer base contracted two per cent to 474,000.

The group is owned 53 per cent by Vivendi, a French international media conglomerate, with the remaining shares listed on the stock exchange.