These revenues were boosted by international revenues, which were up 1.8% at constant exchange rates and partly offset the decline in revenues in Morocco (- 2.7%) still impacted by the competitive and regulatory environment, the company announced Thursday in a press release.
At the end of March 2022, the Moroccan activities generated revenues of MAD 4,756 million, down 2.7% following the decline in revenues from Mobile activities (-5.1%), in a difficult regulatory and competitive environment, partially offset by Fixed Data, still in sustained growth (+8.3%).
During the same period, the Maroc Telecom Group’s consolidated adjusted earnings from operations (EBITA) totaled MAD 2,815 million, up 2.5% (+ 3.2% at constant exchange rates) thanks to a decline in depreciation and amortization expense.
The adjusted operating margin increased to 32.1%, the release added.
Fixed and Internet activities generated revenues of MAD 2,394 million, up 1.0% compared with 2021.
The significant growth in Fixed Data (+8.3%) offset the decline in voice, the source noted.
During the first quarter of 2022, the Group’s international activities recorded revenues of MAD 4.3 billion, up 1.8% at constant exchange rates, thanks to growth in Mobile Data (+29%).
Excluding the reduction in termination rates, subsidiaries’ revenues rose by 2.8% at constant exchange rates.
Source: Agency Morocaine De Presse