Doha-Maroc Telecom, Morocco’s leading telecommunications operator, recorded a slight decline of 0.4% when it was made of 2024 to MAD 6.14 billion ($ 614 million) and at the same time kept growth of the consolidated sales in the continued investment in high-speed -Trastructure -wide.
The consolidated income of the group reached MAD 36.7 billion (3.67 billion US dollars), which mark an increase of 1.2%, especially due to sales growth of 4.6% of his subsidiaries from Moov Africa, the MAD 18.7 billion (1 , 87 billion US dollars).
The African operations were shown Strong performance In all segments, with mobile data rising by 15.6%, the Internet increased by 21.1%and mobile monastery by 14.4%.
On its domestic market, Maroc Telecom’s fuse segment grew by 2.3%, which was supported by an expansion of 29% in its customer base (fiber optic to the home).
However, the mobile segment faced challenges, with the total base of the mobile phone subscribers decreasing by 3.1% to 19.1 million customers.
While the post -payment subscriptions rose by 5.0%, prepaid services recorded 4.3%.
The adjusted EBITDA (profits before interest, taxes, depreciation and amortization) reached MAD 19.2 billion (1.92 billion US dollars) and showed a modest increase of 0.3%, with the EBITDA margin at 52, 3% remains strong.
Read too: Report: 4.3% of Moroccans cannot afford a fundamental Internet access
The adjusted operating result (EBITA) grew by 0.7% to MAD 12.2 billion (1.22 billion US dollars).
The investment expenditure in 2024 was 11.2 billion (1.12 billion US dollars), which corresponds to 20.8% of sales, without licenses and frequencies.
The group’s net debt rose by 37.1% to MAD 22.4 billion ($ 2.24 billion), which led to a debt-bitda rate of 1.1x.
The company’s entire customer base extended by 4.5% and 79.3 million subscribers, mainly due to 8.1% growth in African operations.
Maroc Telecom, 53% is owned From Etisalate in the VAE and 22% of the Moroccan state, a dividend of MAD announced 1.43 ($ 0.143) per share, the total of 1.26 billion dollars ($ 126 million).
The group maintains the company in ten Africans Countries In addition to Morocco, including Benin, Burkina Faso, Central African, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger and Togo.
With a view to 2025, Maroc Telecom expects a moderate sales growth and plans to maintain investment expenses to around 20% of the income, the focus of the modernization of the infrastructure and high-speed width extension.
