Maroc Telecom Subscriber Base Up 11% in 2009

­Morocco's Maroc Telecom Group has reported that its revenues for the first nine months of 2009 totaled EUR1,999 million, up 3.6% compared to the same period in 2008 (+1.1% at constant currency and at constant perimeter). Despite a continuing difficult economic environment, revenue growth was driven by both an ongoing leadership position in Morocco and the solid performance of Maroc Telecom's subsidiaries.

The Group's customer base reached 21.411 million customers on September 30, 2009, up 11.2% year-on-year, with the consolidation of Sotelma (750,000 customers in Mali as of September 30, 2009) and the continued growth in all activities of its African subsidiaries, mainly mobile, in which the customer base now amounted to 3.983 million customers (compared to 2.434 million at the end of September 2008).

Maroc Telecom Group's EBITA was EUR905 million, down 0.9% compared to the same period in 2008 (- 3% at constant currency and at constant perimeter). The EBITA evolution mainly resulted from the costs associated with maintaining promotional activities in Morocco as well as from network development, which led to increases in amortization and depreciation.

Maroc Telecom is controlled by Vivendi which has a 53% share of its capital. The company is listed in both Casablanca Stock Exchange and Euronext Paris.

Posted to the site on 13th November 2009