Maroc Telecom’s user base passes the 60m mark in 1H18

27 July 2018

Telecoms

Maroc Telecom (IAM) has published its financial results for the six months ended 30 June 2018, reporting a 3.3% increase in revenues, from MAD17.09 billion (USD1.80 billion) to MAD17.94 billion. The development was attributed to a 4.8% growth in sales in its domestic market and a 3.7% increase in revenues generated by the group’s international operations. Meanwhile, the telco’s EBITDA increased by 2.7% year-on-year in the period under review, to MAD8.86 billion, with this attributed to a 1.5% growth in EBITDA from the company’s international operations, and a growth of 3.5% in the Moroccan unit’s EBITDA. IAM’s consolidated earnings from operations reached MAD5.54 billion in 1H18, a 4.8% increase y-o-y, while the group’s share of net income amounted to MAD2.99 billion, up by 1.6% when compared to 1H17.

 

In operational terms, the group reported annualised growth of 9.7% for its consolidated customer base, with the total passing the 60 million mark at end-June 2018. In Morocco, wireless subscribers increased by 2.8% y-o-y to reach 18.96 million, up from 18.41 million in 2Q17; the telco’s 3G/4G user base passed ten million, while broadband customers increased by 10.2% y-o-y to 1.44 million. In Niger, wireless accesses increased by 27.7% to 2.27 million, while Mali saw a 21.2% y-o-y rise in mobile subscribers to 8.36 million at 30 June. Furthermore, mobile subscriber growth was also reported in Togo (3.15 million, up 19.6%), Cote d’Ivoire (8.17 million, 15.0%), Benin (4.39 million, 13.0%) and the Central African Republic (147,000, 7.1%), while Gabon reported an annual decline of 4.3% (1.65 million).

Source: Telegeography