In the third quarter of 2025, the Maroc Telecom Group recorded a 1.8% increase in its customer base, reaching over 81 million clients. Consolidated revenues rose by 1.2% to 27 billion dirhams, driven by strong growth from its Moov Africa subsidiaries (+5.7%). In a statement released Friday, the operator also reported a significant acceleration in group investments (+36%). Excluding frequencies and licenses, these investments now account for 23% of total revenue, as the company prepares for the upcoming rollout of 5G in Morocco. The group's net profit reached 5.5 billion dirhams, supported in part by reversions linked to agreements settling disputes over unbundling. Maroc Telecom emphasized «the granting of 5G licenses and the preparation for the imminent launch of the service, a major step that will pave the way for new growth opportunities and high value-added services». The company also noted that its strategic partnership with Inwi continues «through the implementation of joint ventures in FTTH and 5G, reinforcing the modernization of infrastructure and access to very high-speed internet» Meanwhile, the group's EBITDA reached nearly 14 billion dirhams, with an EBITDA margin maintained at a high level of 50.2%, despite fiscal and regulatory pressures affecting Moov Africa subsidiaries. The cash flow from operations (CFFO) stood at 6.5 billion dirhams, including payments for subsidiary licenses.
