Iliad Group CEO Thomas Reynaud (pictured) claimed the challenger operator entered a new dimension in 2020, as it returned to growth in France and bought Polish operator Play [1], elevating it to Europe’s sixth-largest group by mobile subscribers.
In the company’s annual results statement, Reynaud said it had “held firm” during the Covid-19 (coronavirus) crisis and, with the completion of its Play transaction, become “a fully-fledged European-scale telecoms group”.
As part of its growth strategy, the company plans to launch a fixed offering in Italy by the middle of this year, in addition to scaling its mobile network in the country.
Iliad, which shook the French and Italian markets [2] on its entry, noted the addition of Play made it the sixth-largest operator group on the continent with a total of 42.7 million subscribers and almost 15,000 employees.
In its home market of France, it noted increased user numbers for its fibre service and higher-tier mobile plans with unlimited 4G or 5G data. In Italy, it hailed a 58 per cent increase in revenue.
Consolidated revenue increased 10 per cent year-on-year to €5.9 billion, attributed partly to a rapid increase in earnings from Italy and the addition of €200 million from Poland in Q4.
Revenue from France was up 2 per cent, as higher takings from mobile and fixed services offset a 15 per cent decline in cash from device sales, including TV boxes associated with its fixed operation.
Net profit dropped almost 76 per cent to €420 million, a statistic Iliad explained as being due to “very significant non-recurring items [3]” in 2019.
[1] https://www.mobileworldlive.com/featured-content/top-three/iliad-closes-in-on-play-deal
[2] https://www.mobileworldlive.com/blog/blog-is-iliad-set-to-become-next-european-powerhouse
[3] https://www.mobileworldlive.com/featured-content/top-three/mobile-gains-asset-sales-boost-iliad-profit
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