This development is supported by international revenues which increased by 3.8% at constant exchange rate and partly offset the drop in revenues in Morocco (-1.3%), explains the group in a press release on its financial results.
The Maroc Telecom Group is posting good operational and financial results in this first quarter of 2024, growing compared to last year, notes the national operator, noting that the activity in the Moov Africa subsidiaries, the growth of the Very High The Group’s Fixed Debit and constant cost optimization efforts enable the Group to display resilient performance despite a very competitive environment.
The Group continues to rely on an ambitious investment strategy to capitalize on the quality of its networks and differentiate itself through performance and quality of service.
Thus, during the first quarter of 2024, the Group’s international activities recorded a turnover of MAD 4.6 billion, up 3.8% at constant exchange rate, driven by the growth of Mobile Data. (+21.7% at constant exchange rate) and Fixed Data (+19.1% at constant exchange rate).
Excluding the drop in call terminations, subsidiary revenues increased by 4.4% at constant exchange rate.
In terms of activities in Morocco, they showed a decrease of 1.3% at the end of March 2023 and reached 4,723 million dirhams.
The growth in Fixed Internet activities (+7.6% driven by the performance of FTTH activity) partially offsets the decline in Mobile in Morocco (-4.2%).
At the end of the first quarter of 2024, Mobile turnover showed a decrease of 4.2% compared to the same period of the previous year.
2024-10-06 14:44:03