The France-based telecom network, Iliad on Tuesday has reported that their YoY revenue has been up by seven percent for the year 2016, thanks to the constant growth in Iliad’s mobile business.
The company has posted that they have ended the year with 12.7 million mobile consumers capturing 18 percent of market share in the country. In contrast to 2015, Iliad’s mobile business has users over 11.7 million along with a market share of 17 percent. That said, Iliad’s goal is to capture 25 percent market share in the country. The company’s 4G base has increased to 5.9 million from 2015’s 3.7 million.
With the growth in subscriber base, the company’s revenues have seen a rise as well. Iliad posted an 11.7 percent increase in the YoY revenue in mobile business, summing to some Euro 2.04 billion. Incidentally, this is also the first time Iliad has crossed revenues above Euro 2 billion.
“This robust growth for mobile services was directly attributable to the better subscriber mix, with more subscribers choosing the Euro 19.99 per month offer,” said Iliad.
Iliad also has seen a rise in the fixed broadband business as the total number of customers have raised to 6.4 million from 6.1 million last year. The number of customers under the telecoms FTTH base jumped 50 percent and reached 50 million from 2.5 million.
“This good subscriber recruitment level was achieved despite a persistently fiercely competitive environment in which the group carried out one-off targeted promotional campaigns,” said Iliad in a statement.
At the group level, Iliad reported a revenue of Euro 4.72 billion, up from Euro 4.41 billion in 2015. Back in July 2016, Iliad agreed to acquire assets, including 35MHz spectrum, but the spectrum was seized when Italia and Wind decided to merge their operations in the country. Iliad’s deal also included an option to invoke network-sharing and roaming agreements with the merged entity.
“These different assets, combined with the group’s know-how, mean that it can implement an efficient cost model given achieving balanced EBITDA with a market share of less than 10%,” claimed Iliad.