Maroc Telecom slips in Morocco, gains elsewhere
MOROCCOBy BiztechAfrica - 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
‘Operation NetTraveler’ targets Government organisationsKaspersky Lab has published details of the malicious NetTraveler Toolkit, which infected over 350 high-profile victims for data theft and surveillance. Read More
AfDB meetings close in MarrakechThe annual meetings of the African Development Bank Group have closed in Marrakech, Morocco, after five days of intense brainstorming on current African development issues. Read More
Shoppers donate $6.26m to entrepreneursOver 226,000 micro entrepreneurs will benefit from an online and in-store fundraising drive in the US. Read More
Morocco cements ties with three African countriesMoroccan King Mohammed VI, on the last leg of his African tour, has expanded Morocco's relationship with Gabon. Read More
Spectrami sets up new base in MoroccoDubai-based value added distributor Spectrami has opened a new office in Casablanca to target the North African market. Read More
Moroccan govt pumps more into Maroc TelecomThe Moroccan Government has signed a fourth investment agreement with Maroc Telecom, aiming to create jobs and boost broadband. Read More
IBM develops cloud-based plan to help Moroccan farmersIBM experts participating in the company's pro bono Corporate Service Corps program have recommended a strategy to lift the productivity of Moroccan farmers. Read More
Moroccan web series makes ICT coolA made-in-Morocco web series about young people in the world of telecoms has attracted hundreds of thousands of views since its launch. Read More
Morocco focuses on broadband planMorocco is embarking on a 10-year project to develop its national broadband capabilities. Read More
FEATURED STORYAirtime transfer big business in Ivory Coast
Airtime transferred direct to mobile is proving popular among consumers and is generating jobs in Ivory Coast.
BEST READ NEWS
IN DEPTHThe high and lows of ICT entrepreneurship
One year after graduation, the founders of Ctech tell Gregory Gondwe about their experiences as a start-up.
COMPANY NEWSSamsung mobile printing solutions make printing simpler
Samsung Electronics South Africa has introduced three separate mobile printing solutions that will make it possible to print from mobile devices with only a few simple taps.