Iliad (Free) reports 23% growth in revenue to EUR2.8bn in 9M13

15 Nov 2013

French telecommunications company Iliad Group has published its financial results for the nine months ended 30 September 2013, reporting 23% annual growth in its consolidated revenues, which increased to EUR2.774 billion (USD3.73 billion) up from EUR2.263 billion in 9M12. The growth was mainly attributed to sustained business development reported by both its landline and mobile operations. In the period under review, revenues generated by the mobile business rose by 65.3% to EUR921.8 million from EUR557.8 million at 30 September 2012, despite a steep drop in mobile termination charges during the period, due to the end of asymmetric pricing. Landline revenues also increased in the period under review, up by 8.5% y-o-y to EUR1.860 billion, mainly attributed to the popularity of the ‘Freebox Revolution’ offerings.

In operational terms, the group’s total mobile customer base reached 7.435 million by 30 September 2013, corresponding to 640,000 net additions in the first nine months of 2013. The number of broadband subscribers also increased, albeit slightly, to 5.580 million by end-September, with more than 62,000 new subscribers added in the preceding twelve months. The company, however, reported a EUR0.30 increase in Broadband ARPU, which reached EUR36.1 at 30 September 2013. The rise was primarily due to the success of the Freebox Revolution offering, which claimed ARPU of more than EUR38 in the third quarter of 2013.

France, Free Mobile (Iliad), Iliad (Free)