Iliad reports healthy revenue, subscriber growth in 1H15

2 Sep 2015

French telecoms company Iliad Group has published its financial results for the six months ended 30 June 2015, reporting 6.9% annual growth in its consolidated revenues to EUR2.160 billion (USD2.43 billion), up from EUR2.020 billion in H1 2014. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR880.4 million in the period under review, up by 18.1% from EUR745.7 million in the corresponding period of 2014. Landline revenues meanwhile remained flat in the six months under review, at EUR1.285 billion. EBITDA for H1 2015 reached EUR725.0 million, a 16.2% increase on the EUR624.2 million reported in 2014, while profit for the period was up by 16.4% y-o-y to EUR162.9 million.

In operational terms, the group’s total mobile customer base reached 10.925 million by 30 June 2015, with 820,000 net additions in the preceding six months. At end-June 2015, Free had 2.4 million 4G users with average data usage of 2.2GB per month. The number of broadband subscribers also increased, albeit more modestly, up 4.5% to 5.991 million by end-June 2015. Further, the company noted that quarterly broadband ARPU dropped slightly to EUR34.50, primarily due to the negative impact of promotional offers. The operator noted that more than 800 new 3G base transceiver stations (BTS) and 1,900 4G Long Term Evolution (LTE)-enabled sites were deployed in 1H15. Further, the company disclosed that in the six months to end-June 2015 it had accelerated the migration of its landline network to VDSL2 and fibre-to-the-home (FTTH) technologies, sustained by EUR317.8 million in free cash flow (FCF) generated by ADSL operations; Iliad increased its unbundling rate to 96.90% by opening 900 subscriber connection nodes.

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