French telecom Operator, Iliad Group, recorded an impressive 11.2% annual revenue growth to EUR4.168 billion compared to the previous year, topping the €4 billion mark for the first time in the group's history, one year ahead of its initial target, said the company. The Operator's net profit rose 4.9% last year boosted by sales from its mobile division as the company progresses towards its goal of capturing 25% of the mobile market.
The company which last year stirred the US telecoms market with its bid to take over T-Mobile, saw its mobile operations being the pillar to its growth, generating revenues of EUR1.614 billion with 28.0% growth during the same period. Illiad's mobile business with over two million net adds last year alone, boasts 15% market share just three years after launch. Illiad's fixed business, mainly its 'Freebox Revolution' offering, pulled the largest revenue for the group at EUR2.564 billion.
According to Illiad, last year was a record year for network rollout with more than 1,900 new sites brought in service, giving it a 3G mobile coverage rate of 75% of the French population. Last week, Iliad's Free brand launched a new set-top-box for its triple-play offer, bundling fixed telephony, broadband and Google TV services to push its market share in fixed business.
