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 Tuesday, July 22, 2008

Maroc Telecom has reported a 10% year-on-year rise in first half consolidated group revenues to MAD14.308 billion (USD1.985 billion), thanks to the continuing growth of its domestic and foreign mobile operations. Domestic revenues in the first half of 2008 amounted to MAD12.511 billion, up 9.8%, with mobile revenues in Morocco increasing by 12.9% to MAD8.923 billion following the full commercial launch of 3.5G voice and internet services in January. Moroccan mobile customers rose 21.3% year-on-year to reach 14.2 million at the end of June 2008, up from 13.7 million in the previous year and 13.3 million at the start of the year. Mobile ARPU in the six month period fell 8.2% year-on-year to MAD98.6, whilst average outgoing usage was maintained at approximately the same level as H1 2007. Fixed line (including internet) operations in Morocco achieved six-month gross revenues of MAD4.75 billion, up by 0.5%, as the fixed line customer base reached 1.329 million, up by 0.3% compared to June 2007. A 3.9% decrease in average monthly wireline user bills was offset by revenues of data and internet services respectively increasing by 17.3% and 9.1%. The ADSL customer base reached 482,000 lines at the end of June 2008, up 10.0% y-o-y, whilst the company claimed 14,000 Mobile 3G+ wireless broadband subscribers by that date.

Mauritel, Maroc Telecomís Mauritanian unit, earned revenues of MAD519 million in H1 2008, down 3.7%, affected by exchange rates, despite its mobile customer base growing 32.3% to exceed one million at the end of June. Mauritelís fixed line subscriber lines increased by 27.8% to 46,000. Burkina Faso subsidiary Onatel achieved first half sales of MAD715 million, up 9.0%, as its mobile subscribers increased by 95% year-on-year to 756,000 at end-June, mainly thanks to extended network coverage. Onatel increased its fixed line customer base by 21.5% in the period to 130,000 lines. At Gabonese unit Gabon Telecom, revenues of all business activities amounted to MAD529 million in the first six months of 2008, down 18.5% on a comparable basis mainly due to substantial price cuts carried out over the last year. Users of Gabon Telecomís Libertis mobile phone service reached 424,000 at mid-year, up 61.2% y-o-y, whilst its fixed lines in service increased by 40.9% to 31,000.

Mobisud, Maroc Telecomís MVNO in France and Belgium, reported total six-month revenues of MAD91 million, with a total of 155,000 customers at end-June 2008, down slightly on March, due to an Ďactive customer base cleaning processí by Mobisud France during the second quarter.

In the second quarter ended June 2008, Maroc Telecomís consolidated group turnover rose 6.5% year-on-year to MAD7.343 billion.

Source: TeleGeography.