Maroc Telecom, a leading telecommunications group in Morocco and a key player across Africa, is poised to transition to 5G and solidify its position as a driving force behind Morocco’s digital economy.
A cornerstone of telecommunications in both Morocco and Africa, Maroc Telecom reported strong performance during the first nine months of 2024, highlighted by growth in consolidated revenue and strategic positioning ahead of the 5G rollout, according to the group’s statement.
Recent reports showed that total revenue for companies listed on the Casablanca Stock Exchange grew by 4.7%, reaching 230.4 billion MAD in the last year. Maroc Telecom captured 37% of investments on the exchange, underscoring its central role in driving national economic growth. The stock has a “buy recommendation” strong fundamentals and a competitive edge in emerging technologies.
With a largely compatible network, the operator is well-positioned to accelerate the deployment of 5G, a strategic innovation that will further reinforce its leadership.
The data also indicated that Maroc Telecom’s customer base has increased by 6.1% to 79.7 million subscribers. Consolidated revenue rose by 0.7%, supported by the strong performance of its subsidiaries under the Moov Africa brand. Profitability remains robust, with an EBITDA margin of 51.8%, while investments—excluding franchises and licenses—continue at a high level, representing 19.1% of consolidated revenue.
Maroc Telecom’s strong results demonstrate its ability to balance strategic expansion with financial discipline. With a solid foundation and a forward-thinking vision focused on innovation, the group is reaffirming its role as a key player in Africa’s digital transformation.
By anticipating the 5G rollout, Maroc Telecom is laying the groundwork for Morocco’s and the continent’s future economic development.