Itissalat Al Maghrib IAM S A : Maroc Telecom - Presentation HY 2021 results 27/07/2021
July 27, 2021 at 01:00 am EDT
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HALF-YEAR RESULTS
2021
27 July 2021
HIGHLIGHTS01.
2021 HALF YEAR HIGHLIGHTS
> Highlights
Business review Financial review Appendices
INCREASE IN
THE GROUP'S CUSTOMER BASE
SUSTAINED GROWTH
IN FIXED DATA REVENUES IN MOROCCO
+7.5%
ACCELERATION OF INVESTMENTS TO SUPPORT THE GROWTH IN TRAFFIC AND CUSTOMER BASES
+7.7%
SUSTAINED HIGH GROUP
EBITDA MARGIN
11.9%
of revenues
CONTINUED REVENUES GROWTH OF MOOV AFRICA
SUBSIDIARIES
51.5%
+2.5%(1)
At constant exchange rates ; +4.4% excluding the decrease in call termination rates
2
REGULATORY HIGHLIGHTS
In Morocco
Multi-year framework for Mobile and Fixed termination rates, involving a reduction in rates with maintenance of asymmetry;
-
Maintaining the asymmetric framing of retail offers in favour of competitors, particularly through the 20% economic space for Mobile offers;
-
Conversion of Fidelio points into equipment is prohibited as of 31 May 2021.
> Highlights
Business review
Financial review
Appendices
In the subsidiaries
Launch of 4G by Moov Mauritel following the acquisition of the 10-year licence;
-
Decline in Mobile call termination rates in Mauritania, Burkina Faso, Mali, Gabon, Côte d'Ivoire, Benin, Togo and Niger;
-
Continued pressure from the authorities on identification and quality of service obligations;
-
Increasing weight of sector contributions, particularly in Burkina Faso, Gabon, Niger, Chad and Benin.
3
OVERVIEW
Growth of the customer base
(million)
68.4 +7.5% 73.6
45.2
50.2
+11.1%
> Highlights
Business review
Financial review
Appendices
Decrease in consolidated revenues(1)
(MAD bn)
18.3 -2.9% 17.8
8.3
8.5
+2.5%(2)
International
Morocco
10.5
9.8 -7.1%
23.2
23.4
+0.6%
H1 2020
H1 2021
H1 2020
H1 2021
Growth in the Group's customer base of
The strong growth momentum of the
7.5% to nearly 74 million customers thanks to
activities of Moov Africa subsidiaries
sustained growth in
the subsidiaries
partially offset the fall in revenues in
customer base (+11.1%)
Morocco
(1) At constant exchange rates
(2) +4.4% excluding the decrease in call termination rates
4
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Maroc Telecom - Itissalat Al-Maghrib published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 04:59:04 UTC.
Maroc Telecom is Morocco's No. 1 telecommunications operator. Net sales (including intra-group) break down by activity as follows:
- mobile telephony (58.4%): 19.5 million customers in Morocco at the end of 2020, distributed between customers with prepaid cards (17.2 million) and with post-paid subscriptions (2.3 million). At the end of 2020, the group owned 13,000 base stations;
- fixed telephony and Internet (41.6%): fixed telephony services (2 million lines installed in Morocco as of the end of 2020), interconnection services, data transmission, and Internet access (1,738,000 subscribers). At the end of 2020, the network had a total of 45,000 km of urban fiber optic and intercity fiber optic cables.
Products and services are marketed through a network of 4,400 owned agencies, more than 75,000 group-approved points of sale (tobacconists, local shops, etc.) and independent distribution channels.
Morocco accounts for 56.8% of net sales (including intra-group).
ITISSALAT AL-MAGHRIB (IAM) S.A. 
