Iliad’s revenues up by 7% to EUR1.2bn in 1Q16

17 May 2016

French telecoms company Iliad Group has published its financial results for the three months ended 31 March 2016, reporting 6.6% annual growth in its consolidated revenues to EUR1.145 billion (USD1.30 billion), up from EUR1.075 billion in Q1 2014. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR483.6 million in the period under review, up by 10.4% from EUR437.9 million in 1Q15. Landline revenues meanwhile increased by 3.9% year-on-year, to EUR664.6 million.

In operational terms, the group’s total mobile customer base reached 11.900 million subscribers by 31 March 2016, with 215,000 net additions in the preceding three months. The number of broadband subscribers also increased, albeit more modestly, up 1.3% to 6.216 million by end-March 2016. Further, the company noted that it had 6,100 LTE-enabled sites in operation by 31 March, equivalent to population coverage of 67%, with 4.3 million 4G subscribers on its books at that date.

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