Iliad’s revenues, subscribers up in H1 2016

31 Aug 2016

French telecoms company Iliad Group has published its financial results for the six months ended 30 June 2016, reporting 6.3% annual growth in its consolidated revenues to EUR2.297 billion (USD2.56 billion), up from EUR2.160 billion in H1 2015. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR973.4 million in the period under review, up by 10.6% from EUR880.4 million in 1H15. Landline revenues meanwhile increased by 3.4% year-on-year, to EUR1.329 billion. Consolidated EBITDA reached EUR808.5 million in the six months under review, up 11.5% year-on-year from EUR725.0 million in the corresponding period of 2015, while profit for the period was EUR190.4 million (EUR162.9 million in 1H15).

In operational terms, the group’s total mobile customer base reached 12.080 million subscribers by 30 June 2016, with nearly three million net additions in the preceding twelve months. The number of broadband subscribers also increased, albeit more modestly, by 9% to 6.261 million by mid-2016. Further, the company noted that it had deployed 900 new LTE-enabled sites in the six months to 30 June, thus bringing its 4G population coverage to 69%, with 4.7 million 4G subscribers on its books at that date.

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