Maroc Telecom reports 8.5 percent profit increase for 2003
Maroc Telecom has reported a profit of four billion Moroccan dirhams ($444 million) for 2003, an 8.5 percent increase compared to figures from the previous year.
According to the company Director General Abdeslam Ahizoune, Maroc Telecom achieved an MD 15.2 billion turnover last year, a 3.4 percent increase compared to 2002, he said at a press conference.
Ahizoune also said that the company's mobile subscriber base had reached five million users, a 68 percent market share. Maroc Telecom's fixed phone line subscriber based now stands at 1.2 million users.
Maroc Telecom is the largest telecommunications provider and mobile operator in Morocco. Global media and communications company Vivendi Universal holds 35 percent of Maroc Telecom's shares and is responsible for managing its operations. — (menareport.com)
© 2004 Mena Report (www.menareport.com)