Iliad reports 0.8% growth in revenues in 1Q18 due to ‘fiercely’ competitive market

15 May 2018

French telecoms company Iliad Group has published its financial results for the three months ended 31 March 2018, reporting 0.8% annual growth in its consolidated revenues to EUR1.20 billion (USD1.44 billion), up from EUR1.19 billion in 1Q17. The development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR531.1 million in the period under review, up 3.9% from EUR511.2 million in the corresponding period of 2017. Landline revenues meanwhile decreased by 1.6% year-on-year, to EUR672.0 million.

In operational terms, the group’s mobile customer base reached 13.83 million subscribers by 31 March 2018, with nearly one million net additions in the preceding twelve months. The number of broadband subscribers, meanwhile, decreased in the period under review, by 19,000, to 6.50 million, though fibre users grew to 646,000 (369,000 in 1Q17). Iliad also noted that it had increased its 4G population coverage to 88% (3G: 94.5%), with 8.3 million 4G subscribers on its books at that date. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 6.8 million (4.8 million at end-March 2017).

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