Iliad experiences strong growth, boosted by Italy & More Latest News Here
The Iliad group, a French and international service provider, recorded strong growth in the second quarter in its French and international markets, with notable growth in Italy.
Despite what it describes as an “extremely competitive environment” in Italy, Iliad added 68,000 customers to its recently launched landline offer, as well as 257,000 mobile customers.
In its core French domestic market, Iliad, which operates under the name Free in the French market, won 67,000 new fixed customers and 120,000 mobile customers.
In Iliad’s third largest market, Poland, where it recently acquired cable operator UPC Polska, owned by Liberty Global, and is focusing on integrating it with its existing Play mobile business, the group added 41,000 fixed and 82,000 mobile customers.
In total, the group had 13.858 billion mobile customers as of June 30, including its extended base in French overseas territories.
EBITDA after rents amounted to 1.58 billion euros, up 10.1% on a like-for-like basis, driven in particular by Italy, where income rose by 82 million euros.
Turnover increased by 7.1% in France, 16.8% in Italy and 1.8% in Poland. Overall first-half revenue growth was 8.1%, bringing the total to 4.024 billion euros.
“The Iliad group can announce this morning, with pride and humility, very good results in the three countries where we operate. Pride because we have developed a unique growth model among pan-European telecom operators. Humility because these very good results are the result of years of investment in our networks and innovation policy. We have all the assets, in particular strategic and financial, despite the current international uncertainties, to continue to grow,” said Thomas Reynaud, CEO.
Iliad experiences strong growth, boosted by Italy & Latest news
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