Meditel Morocco Mobile Subscribers hits 4 million

Meditel Morocco

Médi Télécom (Meditel), says it now has 4.023 million mobile subscribers, an increase of 47.4% over the previous 12 months.

Net customer additions in the fourth quarter of 2005 were 185,000, 17% up on the fourth quarter of 2004. Revenues for the full-year 2005 were EUR397 million, up 21%.

OIBDA increased by 2% year-on-year to EUR153 million, while the OIBDA margin for the year was 39%, down from 46% the previous year, affected by a 40% rise in overall commercial activity.

Meditel’s competitor, Maroc Télécom said it has 8.8 million mobile subscribers at the end of 2005.

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Oluniyi D. Ajao
Oluniyi D. Ajao is an Internet Entrepreneur and Tech Enthusiast based in South Africa. Follow him on twitter @niyyie for more tech updates.

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