Maroc Telecom reports $620 million profit

Maroc Telecom, Morocco’s largest telecoms operator, has reported an adjusted profit of $620 million in 2019.

The result was achieved on the back of higher mobile data activity in Morocco and in African subsidiaries, according to the company.

The Telecoms total revenue grew by 1.3% to $3.76 billion.
The company says its customer base rose from 11.1% to 67.5 million citing a growth in demand for its mobile broadband and landlines in Morocco.

Maroc Telecom also says it will pay a dividend of 5.54 dirhams per share, totalling 4.9 billion dirhams.
Maroc Telecom, which is listed on the Casablanca Stock Exchange and Euronext Paris, is 53% controlled by the UAE’s Etisalat, with the Moroccan state owning 22%.

Your Friends Also Read:  Nigeria’s Central Bank Bans Cryptocurrency Trading

It operates subsidiaries in Benin, Burkina Faso, Ivory Coast, Gabon, Mali, Mauritania, Niger, Chad, Togo and the Central African Republic.

Leave your vote

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.


Previous Article

Sudan peace talks with rebels extended by 21 days

Next Article

Are Kenya's hospitals struggling with blood supply?

Related Posts

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.