French telecom group Iliad reported EUR 1.44 billion in first half revenues, up 39 percent on EUR 1.04 billion in the first half of 2011. Its landline business, comprising Free and Alice France, saw sales rise by 9 percent to EUR 1.13 billion, while Free Mobile, launched in January, brought in EUR 320 million. Consolidated EBITDA rose to EUR 417 million from EUR 416 million, including the landline business up 11 percent to EUR 462 million and a EUR 44 million EBITDA loss at Free Mobile. Overall net profit was down 45 percent to EUR 80 million for the first half, compared to EUR 145 million in the first half of last year. Free landline subscribers rose to 5.15 million from 4.72 million at the end of June 2011, including 90,000 migrations from Alice, which saw its subscribers fall to 262,000 from 472,000 a year earlier. Free Mobile had 3.6 million subscribers at the end of June, representing a 5.4 percent share of the French mobile market.
Iliad’s operational objectives include achieving a 25 percent share of the landline broadband market in the long term, the continued pursuit of its horizontal FttH rollouts and increasing the pace of fibre connections. It aims to achieve a 15 percent mobile market share in the medium term and 25 percent in the long term, with its own mobile infrastructure covering 75 percent of the French population by the end of 2014. The company’s financial objectives are to achieve over 5 percent revenue growth in its landline business this year and to achieve a free cash flow from ADSL operations of over EUR 1.1 billion between 2010 and 2012. Its group revenue target is over EUR 4 billion by 2015.
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