Meditel reports a drop of 16% in ARPU in Morocco

Mergers, Acquisitions and Financial Results

Meditel has reported results from the second quarter of 2009, in which its turnover rebounded by 1% to MAD1.24 billion (USD158 million) on the back of year-on-year customer base growth of nearly 22% to 8.6 million, up from 7.1 million at mid-2008, regardless of a 16% drop in ARPU over the year.

The subscriber growth rate was anticipated to be greater than larger rival Maroc Telecom, which by the last published count had 14.6 million users at end-March 2009, up from 14.2 million in June 2008. Meditel broke down its performance by segments for investors, showing post-paid revenues that were up 5.8%, enterprise user sales up 9.0%, internet turnover up 120%, and pre-pay revenues up 2.8%, with only earnings from international and roaming services down 6.4%.

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