Maroc Telecom slips in Morocco, gains elsewhere
MOROCCO| July 26, 2012, 10:06 a.m.
Maroc Telecom has reported a 5.3% decline in revenues in Morocco, offset by a 21% increase in its other markets.
In its report for the first six months of the year, the telco noted strong growth in turnover (+21%), operating profit (+50%) and customer base (+37%) from its international operations.
However, revenues in Morocco dropped 5.3%, which the company attributed to persistent price cuts in the mobile segment.
The Group’s customer base showed growth of 13.7%, to over 31 million.
MORE MOROCCO NEWS
INWI Taps Aptilo Networks and Smartcom for carrier Wi-FiINWI, the third largest telecommunications operator in Morocco, says it has selected Aptilo Networks and Smartcom for a major upgrade to “Wifi7dak,” INWI’s public Wi-Fi service. Read More
AfDB grants €176 million for next phase of Africa's largest solar power stationThe Board of Directors of the African Development Bank Group has approved one loan of €100 million and another of US $119 million for phase II of the Ouarzazate solar complex project (the NOORo II and NOORo III power stations). Read More
Microsoft drives local innovation in North AfricaAt this year’s Global Entrepreneurship Summit (GES) in Morocco, Microsoft has signed a new strategic alliance with Tunisian startup Saphon Energy and introduced the first round of 50 women entrepreneurs to go through its Cloud Startup Academy. Read More
Morocco to host fifth annual Global Entrepreneurship SummitOver 3000 entrepreneurs, Heads of state, government officials, global entrepreneurs, SMEs and corporate leaders are expected to attend the fifth annual Global Entrepreneurship Summit in Marrakech. Read More
Ministerial Forum on Science, Technology and Innovation in Africa underwayThe Second Ministerial Forum on Science, Technology and Innovation (STI) in Africa is underway at the Hassan II Academy of Science and Technology in Rabat, Morocco, to discuss boosting science and technology in Africa. Read More
averda looks to clean more cities in Africaaverda, a global provider of innovative integrated waste management services, has showcased its new equipment dedicated to serve Casablanca. Read More
Microsoft, AFEM and INWI launch Cloud Startup AcademyThrough a new Cloud Startup Academy, Microsoft, AFEM and INWI will help 50 young Moroccan women create their own Cloud-based startups. Read More
IBM fuels innovation and entrepreneurship in AfricaIBM is further expanding its operations across Africa with the opening of two new IBM Innovation Centers in Lagos, Nigeria and Casablanca, Morocco. Read More
IDC: Moroccan ICT market driven by banking, telecoms, infrastructureThe Moroccan IT services market is set to expand at a compound annual growth rate (CAGR) of 10.3% over the coming years to total $472.37 million in 2017, says IDC. Read More
FEATURED STORYIHS plans to inject fresh $500m to grow capacity
Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.