Moov Togo, among others, drives Maroc Telecom’s turnover up in H1 2018

Telecom
Wednesday, 25 July 2018 14:30
Moov Togo, among others, drives Maroc Telecom’s turnover up in H1 2018

(Togo First) - Over the first half of 2018, Maroc Telecom which owns telecom operator Moov has recorded a turnover of CFA1,065 billion, which represents a 5% increase compared to the same period in 2017. Moov’s Togolese subsidiary, along with those present in Benin and Côte d’Ivoire mostly contributed to the performance.

In these countries, Moov’s performances were driven by a greater data consumption and mobile money transactions. Besides the three nations, the group’s six other sub-Saharan subsidiaries in Niger, Mali, Central African Republic, Burkina Faso, Mauritania and Gabon also fared well over the period reviewed.

As at June 30, 2018, these units generated CFA483.68 billion of revenues (7% rise compared to H1 2017) with a customer base of 38,239,000 users. This represented nearly 48% of Maroc Telecom’s overall turnover.

Regarding Moov Togo, its customer base grew by 19.6%, from about 2.6 million users a year before, to 3.1 million users at the end of the past semester.

Fiacre E. Kakpo

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