Bouygues Telecom 1H14 revenues drop 5% to EUR2.2bn

28 Aug 2014

French conglomerate Bouygues Group has reported that its Bouygues Telecom subsidiary generated revenues of EUR2.2 billion (USD2.9 billion) in the first half of 2014, down 5% year-on-year. Meanwhile, EBITDA slumped by EUR137 million, to EUR332 million in the corresponding period. The telco reported an operating loss of EUR41 million for 1H14, which rises to an operating profit of EUR44 million after factoring in non-current income of EUR85 million related chiefly to litigation settlements.

In operational terms, Bouygues added 74,000 mobile customers in the first half of 2014, taking its total wireless user base to 9.984 million at 30 June 2014. Of this total, 16% utilised the company’s 4G Long Term Evolution (LTE) network, compared to 9% at 31 December 2013, representing around 1.8 million customers. For the third consecutive quarter, Bouygues claimed to be France’s leading telco in terms of fixed broadband net additions, with the acquisition of 102,000 new customers in 2Q14 taking its total internet user base to 2.215 million at the end of June.

France, Bouygues Telecom