The Maroc Telecom Group generated revenues of nearly 36 billion Dirhams (MAD) in 2021, down 2.7%.
The good performance of the revenues of the Moov Africa subsidiaries and Fixed Broadband in Morocco partially offset the slowdown in Mobile activities in Morocco, still impacted by the competitive and regulatory environment, the Group said Thursday in a press release.
Revenues from the Group's activities in Morocco were down 4.7% compared with 2020, mainly affected by the decline in the Mobile business.
"The momentum in Fixed Data (+7.6%) partially offset the fall in Mobile revenues, which continue to be impacted by competitive and regulatory constraints," it said.
Mobile revenues fell by 8.1% compared to the same period in 2020, to MAD 12,270 million due to the fall in outgoing revenues impacted by the unfavourable regulatory and competitive contexts and the decline in incoming revenues following the decrease in national call termination rates in December 2020.
The 2021 combined ARPU stood at MAD 48.7, down 10.2% over one year.
The Fixed and Internet activities generated revenues of MAD 9,474 million, relatively stable compared to 2020.
The growth in Fixed Data offset the decline in voice.
The Group's international activities posted revenues of MAD 16,912 million, up 1.5% at constant exchange rates, explained by the continuous growth in Data Mobile (+18.8% at constant exchange rates) and Mobile Money services (+13.1% at constant exchange rates).
Excluding the decrease in termination rates, subsidiaries' revenues rose by 3.4% at constant exchange rates.
In 2021, the Maroc Telecom Group demonstrated its resilience and adaptability across all its markets in the face of the ongoing health crisis, ending in line with all the operational and financial objectives, according to the same source.
"Ongoing efforts to control costs are enabling the Group to maintain its margins, and the digital transformation and innovation projects remain a priority in order to support the expansion of the customer base and the growth of Data, particularly in the subsidiaries."
"These achievements confirm the relevance of the Group's investment policy in its networks, both in the domestic and international markets, and reinforce the Group's strategy based on differentiation through performance and quality of service," the release read.
