France’s Iliad records 39% rise in first half revenue
French fixed and mobile provider Iliad has reported a 39% rise in first half revenue reaching €1.44 billion compared to €1.04 billion during the same period in 2011.
The company’s landline business, consisting of Free and Alice France, experienced a 9% rise in sales to €1.13 billion. While Iliad’s new entrant into the French mobile market, Free Mobile, brought in €320 million.
Consolidated EBITDA rose to €417 million from €416 million, including a 11% rise in the landline business to €462 million and a €44 million EBITDA loss at Free Mobile.
There was however, a fall in net profit down 45% on the previous year to €80million compared to €145 million in 2011.
Free’s landline subscribers rose to 5.15 million from 4.72 million at the end of June last year, 90,000 of which were migrated from Alice, which dropped from 472,000 subscribers to 262,000 in 2012.
The group outlined objectives to achieve 25% market share in the fixed-line market in the long term, to continue horizontal FTTH roll-outs and increase the speed of fibre connections.
Free Mobile was reported to have 3.6 million subscribers since launching in January, representing 5.4% of the French market.
It was revealed that Iliad intends to achieve 15% mobile market share in the medium term and 25% in the long term, which would place it ahead of rival Bouygues Telecom with an estimated 18.3% market share in March 2012. The mobile operator also intends to cover 75% of the French population with its network by the end of 2014.
Among Iliad’s financial targets are to record 5% revenue growth in its landline business this year and a free cash flow from ADSL operations of over €1.1 billion between 2010 and 2012. The group’s revenue target is over €4 billion by 2015.