MOROCCO TOPS BROADBAND LEAGUE WITH 325,000 SUBSCRIBERS
Maroc Telecom, announced its half year results this week for its mobile, fixed line and internet activities. On the internet side the company has reported that the ADSL customer base continues to grow, reaching 325,000 lines at the end of June. Maroc Telecom has activated more than 83,000 lines over this first half year. This represents an increase +141% compared to June 2005.
These results translate into a broadband penetration rate of 28% (number of broadband connections in relation to the number of fixed lines excluding public telephones), the highest on the African continent. In May this year, Maroc Telecom launched IPTV, a first among Morocco, Africa and the Arab world.
Maroc Telecom has continued to stimulate the broadband market during this first half-year with promotions and a new ADSL offers price cut from May 1st, ranging between 17% and 33% depending on the broadband. For existing customers, a broadband upgrades were granted without tariff change.
Balancing Act’s report on North Africa Internet Country Market Profiles published earlier this year already noted “Morocco has over 300,000 DSL broadband subscribers, making it the largest broadband market on the continent . Not surprisingly, Morocco currently has the cheapest DSL connection on the continent, starting at US$17 per month for a 128/64k uncapped broadband connection.”
For the first half part of this year fixed-line and internet gross revenues amounted to MAD 6,145 million, up 6.2%. Maroc Telecom’s mobile activity has achieved gross revenues(1) of MAD 6,957 million, up 16.4%. This performance is mainly due to the growth of the customer base, that stands at 8.924 million, corresponding to an increase of 24.2% compared to June 2005 and a net add of 687,000 customers over the first half-year.