Maroc Telecom Struggles under Competitive Pressure
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Abdeslam Ahizoune, CEO of Maroc Telecom
The North Africa Journal | Equity Research | The Moroccan telecom giant Maroc Telecom has had a difficult time these days. The company has been delivering weak performances with both its domestic and African businesses facing saturated mobile phone markets and stiff competition.
Analysts who follow the company say its profitability is impacted by lower mobile margins in Morocco. In its domestic market, combined revenues for the first nine months of this year dropped by -3.4% compared to the same period in 2010. Revenues generated from its African subsidiaries were up 6.8% over the period despite tough competition in Gabon and a toughening regulatory environment in Mauritania. Download full report here. Click here to subscribe
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