This performance allowed the group to post a consolidated turnover up slightly by 0.7% to 27.46 billion dirhams (billion dirhams), despite a decline observed in ADSL and Mobile in Morocco. Optical Fiber in Morocco, however, performed well, recording remarkable growth of +34%, partially offsetting these declines.
Thanks to its good financial base, Maroc Telecom maintains a sustained level of investment in order to prepare its infrastructures for technological developments, in particular 5G. The group’s investments (excluding frequencies and licenses) represent 19.1% of turnover. In this regard, Maroc Telecom’s current network is largely compatible with 5G, giving it an advantageous position for rapid and efficient deployment.
Thanks to its good financial base, Maroc Telecom maintains a sustained level of investment in order to prepare its infrastructures for technological developments, in particular 5G. The group’s investments (excluding frequencies and licenses) represent 19.1% of turnover. In this regard, Maroc Telecom’s current network is largely compatible with 5G, giving it an advantageous position for rapid and efficient deployment.
Good profitability
Despite economic challenges, Maroc Telecom manages to maintain a high EBITDA margin of 51.8%, which demonstrates the resilience and operational efficiency of the group.
Financially, Maroc Telecom remains a key player on the Casablanca coast. 37% of investments made on the stock market in 2024 are attributed to the group. This strategic positioning, coupled with solid fundamentals, leads BKGR to recommend accumulating the IAM stock in portfolios with a target price set at 107.6 dirhams.
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