Maroc Telecom, the leading telecommunications operator in Morocco, reported solid financial results for the first quarter of 2026. The company's consolidated revenue reached MAD 8.7 billion, a 2.5% increase compared to the same period in 2025, driven by strong performance in mobile data and fixed broadband services.
The operator's mobile customer base grew by 3.1% year-on-year to 78.5 million subscribers, with mobile data usage surging 28% due to increased adoption of 4G and 5G services. Fixed broadband subscribers increased by 5.2% to 2.1 million, supported by fiber-to-the-home (FTTH) expansion.
Group EBITDA rose 3.8% to MAD 4.2 billion, with an EBITDA margin of 48.3%. Net income attributable to equity holders increased 4.2% to MAD 1.9 billion. The company's capital expenditure reached MAD 1.1 billion, focused on network modernization and 5G rollout.
In its international operations, subsidiaries in sub-Saharan Africa contributed MAD 2.3 billion in revenue, up 1.9% year-on-year, driven by mobile money and data services. The group's overall performance remains resilient despite competitive pressures and regulatory challenges in some markets.
