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Iliad cuts cash flow target again, after 5% drop in Q4 revenue in France
2019-03-19 10:55:00| Telecompaper Headlines
(Telecompaper) Iliad has reported a fall in full-year profit, as weakness in the French business continued in the three months to December. The company said that France had reached "a low point" after another quarter of negative growth in fixed line revenues, but expects that the marketing initiatives launched during the year will drive a return to growth in 2019. Free cash flow (EBITDA minus capex) guidance for 2020 has been lowered for a second time (EUR 800 million), after the target was trimmed in September 2018 (EUR 1 billion).
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Category:Telecommunications