neuf raises full year sales growth target to 60%

12 Jul 2007

French alternative telecoms operator neuf Cegetel has upped its full year growth target for residential retail sales to 60% on the back of its fast growing broadband operations. The company had 3.032 million high speed customers at the end of June, thanks to the acquisition of T-Online France (Club Internet) and organic growth within its own operation, which added 130,000 new customers in the second quarter. neuf has raised its 1H 2007 sales growth forecast for consumer retail services by 10% to 50% and now expects a 70% rise in the second half of the year following Club Internet’s integration in July. The former Deutsche Telekom-owned unit is expected to contribute EUR60 million (USD82.5 million) in annualised profits from end-2008.

France, neuf Cegetel