Maroc Telecom, Morocco's leading telecommunications provider, reported a profit decline in Q1 2025 driven by revenue drops. However, customer base growth, particularly in African countries, was noted.
Financial Performance in Q1 2025
Maroc Telecom experienced a 5.9% decline in profit for Q1 2025, amounting to 1.43 billion dirhams ($154 million). This downturn is attributed to a 2% year-on-year decrease in consolidated revenue, which fell to 8.8 billion dirhams.
Customer Base Growth and Infrastructure Investments
Despite financial challenges, Maroc Telecom reported a 3.6% growth in its customer base, reaching nearly 80 million subscribers by March 2025. The growth was largely driven by a 6.5% increase in subscribers at its Moov Africa subsidiaries, operating in ten African countries. Strategic investments in broadband and mobile payment services were highlighted as key drivers of this growth.
Partnership with Inwi and Future Plans
Maroc Telecom announced an expanded partnership with Inwi to accelerate the deployment of 5G and fiber-optic networks. The agreement includes a joint investment of 4.4 billion dirhams ($460 million) over three years to establish two equally owned ventures: FiberCo and TowerCo, aimed at enhancing market stability and positioning Morocco as a digital hub.
Maroc Telecom continues to face challenges in its domestic market, but its growing African operations and strategic investments in infrastructure are helping the company navigate these tough times.
