neuf Cegetel 2007 profits climb 23% on internet gains

11 Mar 2008

French alternative telecoms operator neuf Cegetel has reported full year net income of EUR262 million (USD402 million) for 2007, up 23% from EUR213 million in 2006, driven by strong subscriber gains for its internet access products and the acquisition of two rival operators. The altnet purchased Deutche Telekom’s T-Online France unit in June last year for around EUR500 million, having already snapped up Time Warner’s AOL France subsidiary in October 2006. As a result of the deals and the launch of new services such as its unlimited music downloads service, neuf Cegetel has leapfrogged Iliad’s Free ISP in the market for ADSL-based broadband internet services. neuf says it has firmly established itself as France’s leading alternative operator with a 21% market share at the end of 2007, compared with 17% at the end of 2006. Full year revenue reached EUR3.35 billion, up 16% year-on-year, while 4Q07 sales were up an impressive 20% to EUR911 million on the back of strong subscriber take-up. neuf Cegetel added more than a million broadband subscribers in 2007 to close out the year with a total of 3.22 million clients.

France, neuf Cegetel