Maroc Telecom: A turnover of 36.7 billion dirhams in 2020

The Maroc Telecom Group achieved a turnover of nearly 36.77 billion dirhams (billion dirhams) at the end of December 2020, up 0.7% (-0.8% on a comparable basis) compared to the same period a year ago.

“The increase in the turnover of Moov Africa and Fixed Broadband subsidiaries in Morocco compensates for the slowdown in Mobile activities in Morocco, strongly impacted by the competitive environment”, specifies Maroc Telecom in a press release on its consolidated results for 2020, published Friday.

In the fourth quarter of 2020 alone, and despite the drop in mobile call terminations in Morocco in December 2020, the Group’s revenue increased by 0.7% (+ 0.4% on a comparable basis) for reach 9.27 billion dirhams, underlines the same source, explaining this improvement in particular by the sustained increase in the activities of the subsidiaries Moov Africa and Fixed Broadband in Morocco.

In detail, the Group’s activities in Morocco generated revenue of MAD 20.88 billion, down 3.7% compared to 2019, penalized in particular by the effects of the Covid-19 pandemic on Mobile activities and partially offset by the solid dynamics of the Fixed line and the Internet, underlines the press release, noting that this evolution is more marked in the fourth quarter of the year under the effect in particular of the fall in national call termination rates , which applies from December 1, 2020.

The Group’s international activities recorded sales of MAD 16.88 billion, up 1.4% on a comparable basis, explained by the resumption of post-containment activities and the increase in Mobile Data and Mobile Money services.

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Regarding the highlights of the fourth quarter of 2020, Maroc Telecom notably recalls the implementation of the ANRT of a multi-year framework for Mobile and Fixed call termination tariffs, thus implying a reduction in mobile tariffs by 35%. for Maroc Telecom, compared to 25% for Orange and 22% for Inwi, with asymmetry maintained.

In Mauritania, Mauritel obtained a 4G license for a total amount of 124 million dirhams, indicates the same source, also noting that the new visual identity “Moov Africa” was launched on January 1, 2021. The ten subsidiaries of the Maroc Telecom Group (present in Mauritania, Burkina Faso, Gabon, Mali, Ivory Coast, Benin, Togo, Niger, Central African Republic and Chad) are now united around a common identity.

Regarding the group’s outlook for the year 2021, the press release indicates that on the basis of recent market developments and to the extent that no new major exceptional event would disrupt the Group’s activity, Maroc Telecom expects, on a perimeter basis and constant exchange rates, a decrease in turnover, a decline in operating income before depreciation and amortization (EBITDA) and a CAPEX (acquisitions of tangible and intangible assets recognized over the period) of a maximum of 15% of turnover, excluding frequencies and licenses.

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