Iliad records strong revenue growth on back of records ADSL net additions

4 May 2007

Alternative telco Iliad has announced a 27.9% increase in first quarter revenue year-on-year to EUR277.9 million (USD377.7 million). The group’s broadband business, Free, added a record 220,000 net new ADSL users in the period, boosting revenue at the unit from EUR187.2 million to EUR267.6 million, and bringing the total broadband subscriber base to just under 2.5 million. Revenue from traditional telephony services came in at EUR10.3 million, down from EUR30.1 million last year following the sale of its Kertel subsidiary in February 2007. The operator reiterated its targets of 2.8 million ADSL subscribers by the end of 2007 and four million by 2010; to attain an 80% unbundling ration by the end of this year; to maintain a EUR20 average gross margin per unbundled subscriber; and to connect 30,000 FTTH subscribers by December.

France, Iliad (Free)