Maroc Telecom reported consolidated earnings results for the first half of 2018. For the period, the company's revenues were up 3.3% at constant exchange rates. This figure is significantly impact by the return to growth of Mobile revenues of Maroc Telecom, up 3.5%. EBITDA is up 2.7%, still at constant exchange rates. Net income is up 8.6%, adjusted for the one-offs, it comes in at 1.6%. Adjusted cash flow CFFO stands at MAD 3.2 billion, up 3% versus the first half of 2017. The net debt stands at MAD 14.1 billion. The consolidated cash flow of Maroc Telecom stands, on an adjusted basis, at MAD 4.2 billion, which is a slight decline on adjusted cash flow for 2017, which stood at MAD 4.5 billion.

For the 2018, the company expects stable revenue, EBITDA sensing and plan a stable EBITDA. CapEx-to-revenue, approximately 23% rate 23% rate CapEx-to-revenue. The company expects revenue growth, also, EBITDA growth. And for CapEx-to-revenues, the company expects maximum of 20% on the CapEx-to-revenues ratio.