je.st
news
Iliad H1 revenues up 10.4% to over EUR 2 bln
2014-09-01 09:26:00| Telecompaper Headlines
(Telecompaper) French operator Iliad reported first-half revenues of EUR 2.02 billion, up 10.4 percent from a year earlier. Revenues from its fixed broadband business rose 3.6 percent to EUR 1.28 billion, and the mobile business expanded 24.1 percent to EUR 745.7 million in revenues. Iliad said it added 95,000 broadband customers in the period, for a total 5.735 million at the end of June. Despite an increase in VAT on TV services and sharp discounts form some competitors, the Free brand continued to add customers in the fixed market, accounting for an estimated 24 percent of net adds on the market. ARPU was relatively stable, at EUR 35.80 per month. In the mobile market, Free claims it took over 65 percent of net adds, growing its base by over 1 million customers to reach more than 9 million at the end of June, equal to a 13 percent market share. Iliad said its mobile phone financing offer launched last December helped sustain customer growth, even though this impacted profitability. A majority of new customers also still take the company's plan at EUR 2 a month. The handset sales, VAT increase, end to asymmetric termination rates and higher spending on fixed network upgrades led to a drop of 1 percent point in the EBITDA margin to 30.9 percent. Total EBITDA increased 6.6 percent to EUR 624.2 million, while net profit was down 1.3 percent to EUR 139.9 million, due to higher depreciation after the launch of 4G services.
Tags: eur
revenues
bln
iliad
Category:Telecommunications