Maroc Telecom: 74 million customers and a turnover of 17.78 billion dirhams

The Supervisory Board of Maroc Telecom decided, at its last meeting, to renew for two additional years, until March 1, 2023, the mandate of Abdeslam Ahizoune as Chairman of the Group Management Board. The operator currently has nearly 74 million customers. Its consolidated turnover stands at MAD 17.78 billion. “The Supervisory Board, meeting on Thursday, February 18, 2021, took note of the expiration of the term of office of the members of the Management Board on March 1, 2021 and decided to renew, for two (2) additional fiscal years, ie until March 1 2023, the term of Mr. Abdeslam Ahizoune as Chairman of the Management Board and Messrs. Brahim Boudaoud, Hassan Rachad, François Vitte and Abdelkader Maamar as members of the Management Board, ”Maroc Telecom said in a press release published on Tuesday. In addition, in its meeting of April 22, 2021, the Supervisory Board proceeded to the co-option of two new members. This is Jassem Mohamed Bu Ataba Alzaabi, who replaced Obaid Bin Humaid Al Tayer for the remainder of the latter's mandate, i.e. until the end of the Ordinary General Meeting called to rule on the accounts of the ‘fiscal year ended on December 31, 2024. This is also Kamal Shehadi, who replaced Saleh Al Abdooli for the remainder of his term of office, i.e. until the end of the Ordinary General Meeting called to rule on the financial statements for the year ended December 31, 2021.Maroc Telecom also informs that Jassem Mohamed Bu Ataba Alzaabi was, at the same time, elected Vice-Chairman of the Supervisory Board. In addition, the Ordinary General Meeting of April 30, 2021 ratified the co-option of Luis Enriquez as a member of the Supervisory Board. In addition, according to its latest half-year results report, the number of Maroc Telecom Group's customers reached nearly 74 million in the first half of 2021, up 7.5% compared to the end of June 2020.This development is attributable to the sustained increase in parks in subsidiaries (+ 11.1%), explains the group. The Mobile fleet amounted to 19.6 million customers, up 0.3% in one year, driven by the prepaid fleet which gained 1.7% in the second quarter, notes the same source. The Fixed one improved by 1% over one year to record nearly 2 million lines at the end of June 2021, we told the group. Broadband customer base grew 3.3% to 1.7 million subscribers. Internationally, the Mobile fleet reached 49,717,000 customers, spread over Côte d'Ivoire (10,014,000), Burkina Faso (9,954,000), Mali (9,341,000), Benin (4,893,000), Chad (4,849,000), Niger (3,078,000), Togo (2,955,000), Mauritania (2,706,000), Gabon (1,710,000) and Central African Republic (217,000). The Fixed subscribers amounted to 346,000 subscribers in Mali (183,000), Burkina Faso (76,000), Mauritania (58,000) and Gabon (30,000), while the fixed broadband network stood at 138,000 customers. Consolidated turnover of MAD 17.78 billion In addition, Maroc Telecom Group achieved, for the first half of 2021, a consolidated turnover (turnover) of MAD 17.78 billion, down 3% (2.9 % at constant exchange rate) compared to the same period a year ago. The decline in Mobile activities in Morocco was partially offset by the good growth momentum in Fixed Broadband in Morocco and in the activities of Moov Africa subsidiaries, the group said in a press release, noting that in the second quarter of 2021 alone, the consolidated turnover is almost stable (-0.8% at constant exchange rates) mainly due to the performance of subsidiaries over the same period (+ 4.7% at constant exchange rates). Thus, the turnover in Morocco showed a decrease of 7.1% to 9.77 billion dirhams in H1-2021, specifies the same source, specifying that the Mobile activities, in particular the prepaid data, continue to suffer from the competition and the regulatory environment, partially offset by the good momentum in Fixed Data, which rose 7.7%. Maroc Telecom also informs that under the combined effect of decreases in income from outgoing and incoming services, mobile turnover has lost 11.7% compared to the same period of 2020, to stand at 5.98 billion dirhams. The decline in inbound services is mainly linked to the fall in national call termination. The regulatory and competitive context continues to weigh on the income of outgoing services, in particular in the prepaid Data segment, notes the group, adding that the mixed ARPU (prepaid and postpaid), which is defined as the turnover (generated by incoming and outgoing calls and by data services) net of promotions, excluding roaming and equipment sales, divided by the average fleet for the period, decreased by 11.4% to 48.8 dirhams for the first six month of this year. Net sales for Fixed-line and Internet activities showed a slight drop of 0.5%. The 7.7% growth in data revenues partially offset the decline in Voice. As for the group's international activities, they achieved a turnover of MAD 8.51 billion at the end of June, up 2.4% (+ 2.5% at constant exchange rates), in favor of growth in Mobile Data (+ 15.4%) and Mobile Money services (+ 28.4%). “The results for the first half of 2021 are in line with forecasts, demonstrating the resilience of the Maroc Telecom group and the relevance of its strategic choices. The strong mobilization of its teams, the constant effort to innovate and digitize, the performance of its subsidiaries as well as cost control allow the Group to maintain high profitability ”. Maroc Telecom is doing everything it can to support the economic recovery of the countries in which it operates, in particular through its proactive investment policy to anticipate the growing development of uses and parks on all of its networks.