Posts consolidated revenues of €163.1M, up 56% year on year; increases subscriber base by 150,000
May 3, 2005
PARIS -- Iliad reinforced its leading alternative position in the French ISP market during the 1st quarter 2005. Free increased its number of ADSL subscribers from 1,064,000 as of December 31, 2004 to 1,214,000 as of March 31, 2005. Free increased its ADSL subscriber base by 150,000 in the 1st quarter 2005, the same number of net adds as in the 1st quarter 2004.
Despite intense competitive pressure, Free consolidates its position as the number 2 broadband ISP in France and as the leading alternative to Wanadoo. These statistics confirm the power of Free ADSL offering and in particular of the Freebox services. At this date, Free remains the only provider with a national triple-play offer based on ADSL 2+ technology, integrated in one single CPE, for a flat all-inclusive monthly fee of € 29.99.
Over the 1st quarter 2005, net adds market share was approximately 18.4%[1][1].
As of March 31, 2005, over 1,000,000 users were equipped with a Freebox modem. During the 1st quarter 2005, value-added services generated revenues of € 11.7 million, compared with € 13.5 million in 2004 for the entire year. There were 96,000 paying subscribers to Freebox TV services and 850,000 telephone users.
As far as the Telephony sector is concerned, the total number of Onetel subscribers was stable over the period at 335,000 customers billed. Onetel ARPU stood at around € 16.1 per subscriber per month. Kertel posted a good 1st quarter 2005 with 1.9 million cards sold over the period vs. 1.8 million cards sold in the 4th quarter 2004.
Table 1: 1Q05 Revenues
(in � �000) | 1Q05 | 1Q04 | Change |
Consolidated Revenues | 163,119 | 104,496 | 56% |
Internet Revenues | 139,231 | 81,678 | |
- Intersegment | (16,732) | (15,387) | |
Cons. Internet Revenues | 122,499 | 66,291 | 85% |
Telephony Revenues | 43,566 | 36,906 | |
- Intersegment | (5,772) | (2,462) | |
Cons. Telephony Revenues | 37,794 | 34,444 | 10% |
Other Services Revenues | 5,077 | 6,411 | |
- Intersegment | (2,250) | (2,651) | |
Cons. Other Services Revenues | 2,826 | 3,760 | (25%) |
Outlook
Based on 1st quarter performance, Iliad reiterates a number of key objectives for 2005 :
To reach 1.5 million ADSL subscribers by end 2005 and to remain the leading alternative operator in the French residential ADSL market
To maintain its focus on unbundling of the local loop and reach 70% unbundling ratio by mid-2005
To complete 100% ADSL2+ DSLAM upgrade by end 2005
To reach free cash flow break even during the 2nd half 2005
To pursue its strategy of profitable growth
Based on the success of Freebox voice offer and a voluntary reduction in marketing expenses at Onetel, the Group anticipates Onetel customer base should remain stable in 2005 with EBITDA in the Telephony sector growing marginally.
Iliad
You May Also Like
