Year of growth for Iliad Group
MARCH 14, 2024 13.32 EUROPE/LONDON BY JULIAN CLOVER

Iliad Group, which operates businesses in France, Poland and Italy, has recorded significant growth across the three territories.

The company says it wants to reach €10 billion in revenues and is looking to become Europe’s fifth-largest mobile operator.

Consolidated revenues grew by 10.4% to €9.24 billion in 2023, and 11.3% in the fourth quarter.

Commenting on the Group’s performance, Thomas Reynaud, iliad’s Chief Executive Officer, said: “iliad went all out to win in 2023, gaining strong market share in France, Italy and Poland. …. And we intend to stay on the winning track, as we’re aiming to become Europe’s fifth-largest telco this year!”

In France, Free ended 2023 as the market leader in terms of net adds, both in the Mobile and Fixed markets. It gained 787,000 net new Mobile subscribers during the year, including 213,000 in the fourth quarter, and 234,000 net new Broadband and Ultra-fast Broadband subscribers (of which 858,000 new fiber subscribers), including 100,000 in the fourth quarter, which represents Free’s best quarterly performance in 10 years.

In Poland, where the merger between UPC and Play completed in August 2023, Play recorded the country’s highest number of net adds for the second consecutive year, both in the Mobile and Fixed markets. New broadband and TV packages launched in May 2023.

In Italy, iliad Italia was the net add leader in the Mobile market for the sixth year running, with 1.16 million net new subscribers (of which 255,000 in the fourth quarter), allowing it to pass the 10 million Mobile subscribers mark less than 6 years after it was launched.