RABAT, Feb 13 (Reuters) - Maroc Telecom
The company paid 1.5 billion dirhams to the government in a tax agreement, of which 468 million dirhams was already covered by a provision.
Etisalat
Maroc Telecom's sales revenue fell 4.3 percent last year, hit by an 8.1 percent drop in Morocco, its main market, although its customer base grew to 37 million from 33 million.
International revenues rose 9.5 percent, however.
Revenues at Maroc Telecom's subsidiaries grew 13.9 percent in Gabon, 9.3 percent in Mali, 6.3 percent in Burkina Faso and 9.1 percent in Mauritania.
The company said it had hit its target for an operating margin of approximately 56.8 percent as a result of cost cutting. The operating margin was 56 percent in 2012.
Maroc Telecom launched a restructuring plan in 2012 which has reduced its workforce by 14 percent, or 1,404 staff.
Last year, it agreed with the Moroccan government a 900 million euros investment to upgrade its network infrastructure and install fibre optics across the country. The Moroccan government still owns 30 percent of the company.
($1 = 8.2444 Moroccan dirhams)
($1 = 0.7359 euros)
(Reporting by Aziz El Yaakoubi; Editing by Mark Potter)
((aziz.elyaakoubi@thomsonreuters.com)(+212623934595))
Keywords: MAROCTELECOM/RESULTS




















