The good performance of International activities and Fixed Data in Morocco partially offset the decline in revenues from Mobile services in Morocco, says a Maroc Telecom statement.

In the third quarter of 2021, consolidated revenues were quasi-stable (-0.5% at constant exchange rates), driven by the growth achieved by the subsidiaries (+2.0% at constant exchange rates), the statement adds

According to the same source, revenues from activities in Morocco totalled MAD 14,878 million over the first nine months of 2021, down 5.4% penalised by the decline in Mobile services.

The continued growth of Fixed Data (+7.8%) reduces the effects of the underperformance of Mobile, which continues to suffer from the repercussions of the competitive and regulatory environment.

Revenues from the Mobile activities dropped 9.2% due to the fall in outgoing and incoming revenues, the statement underlines, adding that incoming revenues continue to suffer from the decline in national call terminations while outgoing revenues undergo from the effects of the regulatory and competitive environment.

In addition, mixed average revenues per user (ARPU) amounted to MAD 49.5, down 10.2% over one year. This is defined as revenues generated by incoming and outgoing calls and data services net of promotions, excluding roaming and equipment sales, divided by the average number of users in the period.

Maroc Telecom also revealed that Fixed and Internet activities in Morocco generated revenues of MAD 7.057 million, down slightly by 0.5% compared to the same period in 2020. The 7.8% growth in Fixed Data largely offset the decline in voice.

The Group's international activities continued to grow and generated revenues of MAD 12.676 million, up 1.3% at end-September 2021 (+2.3% at constant exchange rates). Mobile Data and Mobile Money services remain the main growth drivers and posted respective increases of +17.4% and +24.1%.

In the third quarter of 2021, Maroc Telecom Group was able to maintain the performance of its activities despite a restrictive health environment, the statement says.

The performance of the subsidiaries enables to post resilient results, confirming its international development strategy.

The Group capitalizes on the quality of its networks, which it keeps strengthening in order to support the development of its customers' Data usage and to provide exemplary quality of service.