Iliad Group reports 6.6% growth in revenues in 1Q17

24 May 2017

French telecoms company Iliad Group has published its financial results for the three months ended 31 March 2017, reporting 6.6% annual growth in its consolidated revenues to EUR1.224 billion (USD1.37 billion), up from EUR1.145 billion in Q1 2016. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR528.6 million in the period under review, up by 9.3% from EUR437.9 million in 1Q16. Landline revenues meanwhile increased by 5.0% year-on-year, to EUR697.8 million.

In operational terms, the group’s total mobile customer base reached 12.940 million subscribers by 31 March 2017, with 6.300 million 4G subscribers at that date. The number of broadband subscribers also increased, albeit more modestly, up 3.8% to 6.451 million by end-March 2017. Further, the company noted that roughly 1,500 sites were equipped to support 4G services in the 1800MHz band, with 100 base stations enabled for LTE-700, bringing Free’s population coverage to over 80%.

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