www.WirelessFederation.com/news: 1% year-on-year fall in 2009 net income has been posted by Moroccan full-service telco Maroc Telecom MAD9.43 billion (USD1.15 billion) on consolidated revenues that climbed by 2.8% to MAD30.34 billion. Group EBITDA for the year rose by 2.9% to MAD18.15 billion.
Net revenues of MAD25.76 billion in 2009 have been generated from the operations in Morocco 0.1% versus 2008. Due to the impact of promotional initiatives deployed to stimulate the market and maintain its leading position, the EBITDA went down 1.5% to MAD16.16 billion, and earnings from operations went down 3.5% year-on-year to MAD13.08 billion.
Maroc Telecom’s domestic mobile subscriber reached 15.27 million at end-December 2009 growing by 5.6% in twelve months.
