Maroc Telecom Says 1st Half Revenue +18.5% Thanks To Mobile Unit
PARIS -(Dow Jones)- Maroc Telecom SA (IAM.CL), a unit of Vivendi Universal SA (V), said Wednesday that growth in its mobile-phone division helped boost revenue by 18.5% in the first six months.
The company said revenue rose to EUR9.75 billion from EUR8.23 billion over the period.
On a pro-forma basis to include the acquisition of Mauritel Telecom and holding exchange rates constant, Maroc Telecom said its revenue grew 14%.
Maroc Telecom, the country's largest telecommunications operator, said that revenue from mobile phone operations grew 32.6% on a reported basis. Fixed-line operations boosted revenue by 8.3% on a reported basis.
-By Brian Lagrotteria, Dow Jones Newswires; +33 (0)1 40 17 17 55; brian.lagrotteria@dowjones.comCompany Web site: http://www.maroctelecom.com
(END) Dow Jones Newswires"
Posted to the site on 27th July 2005