• Most Popular
  • Most Shared

UPDATE 1-Maroc Telecom 2006 sales up 10.1 pct

Mon Jan 22, 2007 2:35am EST

Stocks

   

(Adds details)

PARIS, Jan 22 (Reuters) - Moroccan telecoms operator Maroc Telecom (IAM.PA) on Monday posted a 10.1 percent rise in 2006 sales, driven notably by strong growth in its mobile operations.

The company, which is controlled by media and telecoms group Vivendi (VIV.PA), said revenues in the year reached 22.62 billion Moroccan dirhams, up from 20.54 billion the year before.

Gross revenue growth from fixed-line and Internet was 5.6 percent while growth from mobile operations was 15 percent.

The mobile customer base reached nearly 10.71 million customers in 2006, an increase of 30 percent.

Fourth-quarter revenues rose 5.1 percent to 5.53 billion dirhams as growth was limited by a one-off 109 million dirhams reassessment of inactivated prepaid cards at Maroc Telecom dealers. Excluding this item, revenues rose 7.2 percent in the quarter.

((Writing by Dominique Vidalon, editing by David Holmes; Reuters Messaging: rm://dominique.vidalon.reuters.com@reuters.net; email: dominique.vidalon@reuters.com; Telephone: +33 1 49495432)) Keywords: MAROCTEL SALES/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nL22769744



More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008.   REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article