Maroc Telecom reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, revenues were MAD 8,994 million against MAD 8,517 million a year ago. EBITDA was MAD 4,482 million against MAD 4,242 million a year ago. This performance was primarily due to the resumption of EBITDA growth in Morocco, and to cost optimization efforts, which enabled an increase of only 1.8% in operating costs (at constant exchange rates). Adjusted EBITA was MAD 2,862 million against MAD 2,649 million a year ago, a sharp increase of 8.0% (6.6% at constant exchange rates) due to the combined effect of the increase in EBITDA and the 0.3% decrease (at constant exchange rates) in amortization charges. Group share of adjusted net income was MAD 1,582 million against MAD 1,497 million a year ago. CAPEX was MAD 1,483 million against MAD 1,187 million a year ago. Adjusted CFFO was MAD 1,800 million against MAD 2,341 million a year ago. A sharp increase of 8.0% the Group consolidated adjusted earnings from operations due to the combined effect of the increase in EBITDA and the 0.3% decrease in amortization charges. 5.6% increase in consolidated revenue due to the sharp increase of activities in Mobile and fixed markets both in Morocco and subsidiaries.