Iliad 1Q revenues climb 42% y-o-y on broadband gains

6 May 2009

French internet service provider Iliad (Free) says its first-quarter revenues climbed 42% year-on-year from EUR340 million (USD454.8 million) in Q1 2008 to EUR482 million a year later, driven by strong growth in its broadband subscriber base. The group said its Free-brand broadband base expanded 3.6% in the quarter for a total of 3.53 million users by 31 March 2009. Including Telecom Italia France (Alice), the loss-making ISP Iliad (Free) acquired from Italy’s Telecom Italia in 2008, the group had a total subscriber base of around 4.34 million. Iliad said the number of Alice subscribers fell slightly in 1Q09 as customers migrated to Free, but nonetheless, Iliad confirmed its target of hitting its five million subscriber target in 2011. The group added that it hopes to reach a break-even of earnings before interest, taxes, depreciation and amortisation (EBITDA) at Alice in the second quarter of 2009. Iliad also plans to cover four million households with its fibre-optic network in 2012.

France, Iliad (Free)