Iliad 1H10 revenues up 4.6% to USD1.35bn; ADSL subs continue to rise

4 Aug 2010

French broadband internet provider and would-be mobile start-up Iliad (Free) has booked consolidated revenues of EUR1.02 billion (USD1.35 billion) for the six months ending 30 June 2010, up 4.6% from EUR969.9 million in the corresponding period a year ago. Iliad said the rise was driven by the group’s consumer sales division which logged a 5.3% year-on-year rise to EUR1 billion, of which its Free unit contributed EUR869.2 million (+11.1%). In contrast, the group’s Alice brand, whose customer base is being migrated to the Free brand, posted a 21.4% year-on-year fall in turnover to EUR135.4 million. In addition, Iliad said turnover derived from business users fell 42.6% y-o-y to EUR5.4 million, although turnover from traditional telephony services rallied 2% to EUR20.4 million.

Iliad said that as at 30 June 2010 its local loop unbundling (LLU) rate stood at 87.5%, up from 81.2% a year earlier, thanks to the commissioning of a further 200 new LLU nodes in the first six months of this year. The operator reported a total of 4.51 million broadband ADSL users at the end of 1H10, up from 4.37 million in 1H09. Of these, 3.90 million were signed up to Iliad’s Free service, compared with 3.59 million at the end of June 2009, while the number of Alice lines in service dropped to 611,000 from 782,000 previously. Meanwhile, group blended ARPU reached EUR36.30 per month, with Iliad attributing the increase to the growing popularity of its audio and visual services. Indeed, the telco said it registered around 4.9 million VoD and SVoD users in 1H10, up 24 year-on-year. On a less positive note, voice telephony ARPU fell as a consequence of its decision to add new destinations (e.g. Morocco) to flat-rate triple-play bundles and a decline in fixed line termination rates.

France, Iliad (Free)