Maroc Telecom 2008 sales up 7.2 percent

January 19, 2009 at 16:05 Leave a comment

Maroc Telecom, the leading telecoms group in Morocco, on Monday posted a 7.2 percent rise in annual sales, driven mainly by mobile operations.

In the fourth quarter alone, consolidated revenues rose 3.9 percent to 7.484 billion Moroccan dirhams ($889.6 million) and reached 29.521 billion dirhams over the 12 months to Dec. 31.

Maroc Telecom is controlled by Vivendi, Europe’s largest entertainment group, through a 54 percent holding.

For the year just passed, it said it expected to report growth in earnings from operations of above 13 percent. “In a more difficult context, Maroc Telecom achieved in 2008 noticeable revenues and continues to improve significantly its profitability, “Maroc Telecom Chairman Abdeslam Ahizoune said in a statement.

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Entry filed under: Maroc Telecom, Mobile, Mobile Industry News, Mobile Network Operator, Mobile News, Morocco, Telecom, Vivendi, Wireless, Wireless Industry News, Wireless News. Tags: , , , , , .

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