2006 first quarter consolidated revenues
· 12% consolidated revenues growth in 2006 first quarter
· New highs of Mobile (+339,000) and ADSL (+54,000) customer bases
Maroc Telecom 2006 first quarter consolidated revenues amounted to MAD 5,276 million, up 12.0% due to the good performances of all its activities.
Fixed-line and Internet: 7.8% gross revenues growth
2006 first quarter Fixed-line and Internet gross revenues (1) amounted to MAD 3,084 million, up 7.8%, mainly due to the positive effect of pricing adjustments operated during 2005 last quarter mainly in public telephony segment, the unabated success of the broadband activity and the increase of incoming international traffic.Fixed-line customer base (2) reached 1.336 million of lines (+0.1% compared to March 2005). ADSL customer base (2) still experienced a strong growth, boosted by promotions during the quarter, and reached 296,000 lines (+54,000 over the quarter, +225% compared to March 31, 2005).
Mobile: 15.5% gross revenues growth
2006 first quarter Mobile revenues (1) amounted to MAD 3,279 million, up 15.5%. This surge is essentially due to the growth of the customer base (2)(3) that reached 8.576 million of customers (+339,000 customers over the quarter, +27.8% compared to March 31, 2005). Following a year of very strong growth of the customer base, the blended ARPU (2)(4) stands at 109.9 dirhams (-0.9% compared to 2005 fourth quarter / -11.7% compared to 2005 first quarter) and churn rate at 15.3%, compared to 9.9% in 2005.
Maroc Telecom is Morocco’s incumbent telecommunications operator, and the country’s market leader in fixed-line and mobile telecommunications and Internet access. Since December 2004, Maroc Telecom is listed on the Casablanca and Paris stock exchanges and its main shareholders are Vivendi Universal (51%) and the Kingdom of Morocco (34.1%).
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