FY 2019 RESULTS
March 17, 2020
2019 REVIEW
THOMAS REYNAUD - GROUP CEO
FY 2019 HIGHLIGHTS
1 | DELIVERINGTRANSFORMATION PLAN IS | |
2 | ITALYSTRONG PERFORMANCE IN | |
3 | ADAPTING THE GROUPE STRUCTURE | |
- Iliad net adds leader for Fibre in 2019
- Commercial recovery in Broadband and Mobile
- Acceleration of French mobile revenue trend
- Improved network quality with extensive rollouts and 700MHz upgrade
- France revenue rebound: +3% in 2019, +6.0% in Q4
- Sustained commercial momentum: >2.4 million net adds in 2019, 5.3 million subscribers at end-2019
- Fast network rollout: >4,000 equipped sites at end-2019
- Preferred telecom brand in Italy (1
- Entering the B2B market via the acquisition of Jaguar Network
- Tower deal with Cellnex in France and Italy: €2bn gross proceeds
- Acceleration of FTTH rollout thanks to our partnership with Infravia
- Stronger balance sheet
(1) PHD Tracking, étude commandée par Iliad
4
LEARNINGS FROM THE 2019 CMD
Our CMD in May 2019 showcased our growth plan, the quality of our assets, how we have adapted our business. Our 2019 results are a testimony to the hard work and team effort put in.
5
FRANCE
FIBER MARKETED TO NEARLY HALF OF FRENCH HOUSEHOLDS
FIBER CONNECTIBLE SOCKETS (000s)
+4,300
13,900
+3,400 | 5,000 | Very dense areas |
9,600
3,900
6,200
2,500
8,900 Medium and low dense areas
5,700
3,700
2017 | 2018 | 2019 |
- Contracts signed with 23 PINs, 1.2 million connectable sockets in low dense areas
- 15 million threshold reached in early March 2020
7
FIBER:
OUR FTTH NETWORK IS MAKING A DIFFERENCE
FTTH: ILIAD BEST PERFORMER IN UP/DOWN SPEED (1) | CUSTOMER CARE SCORES IN BROADBAND (2) | ||||
0 | 50 | 100 150Average200download250 bitrate300 350 | 400 450 | 500 |
3.3/5 | 3.4/5 | |||
3.2/5 | ||||
Free | 460.2 Mb/s | |||
2.7/5 | ||||
SFR | 404.4 Mb/s | |||
Orange | 371.4 Mb/s | |||
SFR | Bouygues | Orange | Free | |
Telecom | ||||
Bouygues Telecom | 368.3 Mb/s | Source: ARCEP |
Average upload bitrate | CUSTOMER SATISFACTION SCORES IN BROADBAND (2) |
Free | 289.3 Mb/s | 7.5/10 | 7.6/10 | 7.7/10 | |
7.0/10 | |||||
Bouygues Telecom | 266.5 Mb/s | ||||
Orange | 263.8 Mb/s | ||||
SFR | 251.3 Mb/s | SFR | Bouygues | Free | Orange |
Telecom | |||||
Source: ARCEP |
(1) | nPerf 2019 - January 1, 2019 -> December 31, 2019 | 8 |
(2) | ARCEP's annual scorecard from its platform « J'alerte l'ARCEP », published on February 4, 2020 |
FIBER:
OUR FTTH STRATEGY IS DELIVERING ON ITS PROMISE
FTTH NET ADDITIONS
777,000
745,000
427,000
313,000
Free | Orange | Bouygues Telecom | SFR & Others |
- Our target of > 500k FTTH net adds for 2019 was reached as early as Q3 19
- The majority of our FTTH gross adds in 2019 are new customers
FTTH PENETRATION RATE
+12 points
27.2%
+7 points
15.3%
8.5%
2017 | 2018 | 2019 |
9
FIBER:
ON TRACK TO REACH OUR 2024 TARGET
FTTH CUSTOMER BASE (000s)
4,500
+777 | |||
1,760 | |||
+427 | |||
+246 | 983 | ||
+110 | 556 | ||
200 | 310 | ||
2015 | 2016 | 2017 | 2018 | 2019 | 2024 |
- The 2 million FTTH subscribers target will be reached in a few weeks
- We are well on track to reach our 2024 target
10
BROADBAND:
COMMERCIAL RECOVERY IS CONFIRMED
BROADBAND NET ADDS
32 32
-14 | -16 | -15 | |||||
-19 | |||||||
-28 | |||||||
-32 | |||||||
Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 |
NPS IMPROVEMENT IN BROADBAND (1)
9
-1 | |
March 2019 | February 2020 |
- Second consecutive quarter of positive net adds thanks to FTTH momentum
- FTTH churn 4 points lower than xDSL
- Clear improvement in NPS
(1) IFOP survey commissioned by Iliad - February 2020 | 11 |
MOBILE:
FULL STEAM AHEAD ON NETWORK ROLLOUT
MOBILE NETWORK ROLL-OUT(1)
17,046
14,511
12,157
8,497
2016 | 2017 | 2018 | 2019 |
NUMBER OF NEW ACTIVE MOBILE SITES
(ALL TECHNOLOGIES) (2)
2,535
~ 1,500
~ 850
~ 400
Free | Telco A | Telco B | Telco C |
- Our 2019 mobile rollout exceeded our initial plans, 2.5k new sites vs. 2.0k targeted
- Coverage of c.98% of the population in 3G and c.96% in 4G - a great achievement in only 8 years
(1) | ANFR | 12 |
(2) | Iliad estimate, based on Open Data figures provided by ANFR |
MOBILE:
ADDING QUALITY TO THE EXTENDED NETWORK
MOBILE NETWORK ROLLOUT (1)
17,046
14,511
12,157 | 12,012 |
3,252
940
2017 | 2018 | 2019 | |
Total sites (metropolitan France) | with 700 MHz | ||
- Upgrading our Mobile Network: >12k sites lit on 700MHz compared with the 10k guidance given at the CMD
- Full release of 700MHz frequencies across France during 2019, enabling deeper coverage in densely-populated areas and a wider coverage in rural areas
- Higher on-net usage is a key enabler for ARPU growth and churn reduction
(1) ANFR | 13 |
MOBILE:
HIGH QUALITY NETWORK WITH GOOD CUSTOMER SATISFACTION
ROLLOUT AND 700MHZ UPGRADES ARE DRIVING UP MOBILE | ||||
CUSTOMER CARE SCORES - MOBILE (2) | MOBILE NPS (3) | |||
QUALITY (1) | ||||
0 | 5 | 10 | 15 | 20 | 25 | 30 | 35 | 40 | 45 | 50 | 55 | 3.1/5 | 3.1/5 | 3.2/5 |
Orange | 50.3 Mb/s | |||||||||||||
2.7/5 | ||||||||||||||
Free | 43.9 Mb/s | |||||||||||||
SFR | 35.8 Mb/s | |||||||||||||
Bouygues Telecom | 33.0 Mb/s | |||||||||||||
SFR | Bouygues | Orange | Free | |||||||||||
Telecom | Source: ARCEP | |||||||||||||
25 | |
14 | |
March 2019 | February 2020 |
- Free N°1 alternative mobile operator for 4G download speed
- Quality of the service recognized in ARCEP's latest consumer survey, N°1 alternative mobile operator for customer satisfaction
- Iliad to benefit between 2021 & 2024 from additional spectrum in the 900MHz band (coverage) and the 2.1 GHz band (capacity)
- nPerf 2019 - January 1, 2019 -> December 31, 2019
(2) ARCEP's annual scorecard from its platform « J'alerte l'ARCEP », published on February 4, 2020 | 14 |
- IFOP survey commissioned by Iliad - February 2020
IMPROVED COMMERCIAL MOMENTUM IN MOBILE
MOBILE NET ADDITIONS
17
-18 | ||||||
-50 | ||||||
-77 | ||||||
-90 | -94 | |||||
-200 | ||||||
Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 |
- Good level of 4G net adds in Q4 which are traditionally lower than in Q3 due to seasonality on handset subsidies
- Return to positive mobile net adds although our focus remains on 4G offers
- Extended distribution network with more shops in towns with over 100k inhabitants cities is helping improving visibility
- Improved momentum in Broadband / Fiber helping meet demand for convergence
15
ENABLERS OF FUTURE GROWTH
STRATEGIC PARTNERSHIP
WITH
CELLNEX
- Strategic partnership with Cellnex covering 5,700 sites in France and 2,200 sites in Italy
- Total consideration of €2bn
- 30% stake retained in the French TowerCo business, to benefit from future value creation
- Leveraging Cellnex know-howfor maintaining sites and increasing tenancy ratio
STRATEGIC PARTNERSHIP
WITH
INFRAVIA
▪ Partnership in France with Infravia ▪ Creation of a JV ("IFT") at 49% Iliad
/ 51% InfraVia with a 100% EV of €600m
- IFT will acquire Iliad's existing co- financing agreements (around 1
million existing co-financed sockets) and will co-finance the creation of new sockets and take up new co-financing tranches
B2B LAUNCH
- Leveraging our network infrastructure: 22 million FTTH premises by 2022, 25k mobile sites by 2024
-
Complete range of solutions based on our DNA: Simplicity,
Innovation, Affordability - Proprietary cloud and hosting infrastructure (Scaleway Top 10 cloud provider in Europe)
- Low capex intensity: mainly success-basedcapex leveraging our existing infrastructure
16
ITALY
ITALY:
SOLID MOMENTUM DEMONSTRATING BRAND ADOPTION
MOBILE NET ADDITIONS (000s) | MOBILE SUBSCRIBER BASE (000s) (1) |
1,595
700
635607
532
472
740
Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 |
- Excellent momentum in Q4 despite very aggressive and targeted winback offers from the 2 leading competitors
(1) Market shares calculated using AGCOM Quarterly Report / Humans SIMs only / Q4 19 based on Q3 numbers for the market | 18 |
ITALY:
ILIAD ALREADY A STRONG BRAND
NPS MOBILE B2C (1) | BRAND ADVOCACY (2) | |
36% | ||||||
42 | ||||||
31% | ||||||
29% | ||||||
22% | ||||||
22 | ||||||
10% | ||||||
Average 2018 | Average 2019 | Iliad | Telco 1 | Telco 2 | Telco 3 | Telco 4 |
- ~18 months after the launch, Iliad's brand is getting tremendous support from its customers
- Good spontaneous awareness, close to TRE brand which has been active since 2003 (2)
- Iliad ranked N°1 in terms of Intention to Subscribe (2)
(1) | Customer experience, independent third party | 19 |
(2) | PHD Tracking, average May 2019 - December 2019 | |
ITALY:
STRONG YEAR FOR OUR NETWORK ROLLOUT
ACTIVE MOBILE SITES
10,000 - 12,000 | ||||||
around 5,000 | ||||||
2,062 | ||||||
414 | 838 | |||||
0 | 13 | |||||
Dec-18 | Mar-19 | Jun-19 | Sep-19 | Dec-19 | 2020e | 2024e |
- Acceleration of our mobile rollout in Q4
- Ambitious 2020e target of having around 5,000 active sites by the year-end
- Well on track to reach our target of 10,000-12,000 active sites by 2024
20
GOVERNANCE AND CAPITAL STRUCTURE UPDATE
- BOARD CHANGES
- Xavier Niel appointed Chairman
- Maxime Lombardini to become Vice-Chairman
2 new independent Directors:
- Céline Lazorthes (Founder & CEO Leetchi)
- Jacques Veyrat (President Impala SAS)
- MANAGEMENT CHANGE
- Shahrzad Sharvan appointed Group's Corporate Secretary
- CAPITAL STRUCTURE
Post the combined operation share buyback + capital increase, Xavier Niel's stake has moved up from 52% to 71%. The backing of Iliad's founder is a strong message of confidence in our Odyssée 2024 growth plan
21
FINANCIAL REVIEW
NICOLAS JAEGER - GROUP CFO
FY 2019 GROUP - REVENUES
REVENUES (€M) | QUARTERLY REVENUES (€M) | |
+9.0% | +9.2% | |||||
+7.7% | ||||||
5,332 | ||||||
4,891 | 427 | +3.0% | 1,293 | 1,314 | ||
Italy | 125 | 1,203 | ||||
81 | 96 | |||||
1,201 | ||||||
Italy | 9 | |||||
France | 4,768 | 4,912 | France | 1,213 | 1,194 | 1,219 |
Intragroup | Intragroup | |||||
-2 | -6 | -1 | -1 | |||
2018 | 2019 | Q1 18 | Q1 19 | Q2 18 | Q2 19 |
+8.1%
1,336
1,236 109
46
1,190 1,229
-2 | |||
Q3 18 | Q3 19 |
+11.0%
1,389
1,251 140
70
1,183 1,251
-2 | -2 | ||||
Q4 18 | Q4 19 |
- Group revenues / services revenues up 9% (8% excl. Jaguar Network) with Italy contributing for 12 months vs. 7 months in 2018
- France back to growth in 2019, driven by the acceleration in Mobile (billed) and a return to organic growth in Fixed in Q4
- Italy's strong sales momentum driving growth acceleration in H2 19
23
FY 2019 GROUP - PROFITABILITY
EBITDAaL (€M) | PROFIT (€M) | CAPEX (€M) | ||
-5.8% | 1,726 | 1,976 | ||||
1,654 | 1,816 | |||||
1,755 | 369 | |||||
+5.5% | ||||||
Italy | 261 | |||||
+3.3% | ||||||
France | 1,807 | 1,907 | 330 | France | 1,555 | 1,607 |
Italy | -52 | 2018 | 2019 | 2018 | 2019 | |
-253 | ||||||
2018 | 2019 |
- France EBITDAaL up 5.5%
- 2019 profit inflated by disposal gains on the tower deals
- Capex up 9%, mainly due to the acceleration of the rollout in Italy
24
FY 2019 REVENUES
MAIN DRIVERS OF FRANCE REVENUES (€M) | QUARTERLY YOY GROWTH | |
2 | 4,912 | ||||||
(26) | 20 | ||||||
138 | |||||||
4,768 | |||||||
(34) | 43 | ||||||
2018 | Fixed ex | Jaguar | Mobile | Other mobile | Equipment | Elims | 2019 |
Jaguar | Networks | billed to | service | ||||
subscribers |
- Mobile billed to subscribers are the main growth driver in 2019 thanks to our 4G net adds and customer upgrades
- Fixed services revenues (excl. Jaguar) improving quarter after quarter
- Equipment revenues up slightly with sales of the Delta Player offsetting the decline for mobile handsets
25
FACTORS DRIVING UP ARPU
BROADBAND ARPU
-1.2% | -0.9% | +2.5% | |||||
+1.2% | |||||||
32.9 | |||||||
32.8 | |||||||
32.5 | 32.5 | 32.5 | 32.6 | ||||
32.1 | |||||||
31.8 | |||||||
Q1 18 | Q1 19 | Q2 18 | Q2 19 | Q3 18 | Q3 19 | Q4 18 | Q4 19 |
MOBILE ARPU (BILLED TO SUBSCRIBERS)
+11.6% | +14.0% | ||||||
+12.2% | 10.6 | 10.6 | |||||
+8.0% | 10.1 | ||||||
9.5 | 9.5 | ||||||
9.3 | |||||||
9.0 | |||||||
8.8 | |||||||
Q1 18 | Q1 19 | Q2 18 | Q2 19 | Q3 18 | Q3 19 | Q4 18 | Q4 19 |
- Better customer mix in both Mobile & Broadband
- Initial effects of front book price increases (post 1st year) for both Broadband and Mobile
- Non-recurringVAT impact
26
EBITDAaL
FRANCE EBITDAaL | ACCELERATION IN H2 19 | |
EBITDAaL Margin | 37.9% | 38.8% |
+5.5% (1) | ||
1,807 | 1,907 | |
2018 | 2019 |
+9.1% | |||
997 | |||
+1.7% | |||
894 | 910 | 913 | |
H1 18 | H1 19 | H2 18 | H2 19 |
- Main positive impacts: operating leverage in Mobile, lower unbundling fees and non-recurring VAT impact
- Main negative impacts: higher external charges related to network expansion in Fixed and Mobile, revenue decline in Fixed, higher content costs
27
CAPEX ECONOMICS ARE IMPROVING
FTTH CONNECTION CAPEX (€M)
+61% | |
2018 | 2019 |
4G SITES UPGRADED TO 700MHZ
+8,800 | |
+2,300 | |
2018 | 2019 |
CAPEX SPENT ON FREEBOXES (€M)
+12% | |
2018 | 2019 |
- 2019 capex only slightly higher than in 2018 (+3%) despite very significant commercial and network rollouts
28
ITALY IN INVESTMENT PHASE
REVENUES (€M) | EBITDAaL (€m) | |
427 | -28 | -24 |
-52 |
+28%
+12% | -108 | |
+21% | ||
-144 | ||
+16% | 140 | |
124 | ||
Capex (€m)
369 |
261 |
69
97
80
109
-253
H1 18 | H2 18 | H1 19 | H2 19 | 2018 | 2019 |
2018 | 2019 |
Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 | 2018 | 2019 |
- Quarter-on-quarteracceleration in Q4 driven by strong commercial momentum
- Negative EBITDAaL reflecting strong commercial momentum in the ramp-up phase
- Strong increase in capex reflecting our mobile rollout (2,500 newly equipped sites in 2019)
29
EQUITY FCF BRIDGE
EFCF bridge (€m)
1,907 |
(1,607) |
A |
299 |
(253) |
D
(369) | B | 1,520 |
682 | |
(252) | 430 |
C
(323) (106) (69)
(340)
France | France Capex France OCF Italy EBITDAaL Italy Capex | Group OCF | WCR | Net interest | Taxes | Other (incl. | FCF pre | Spectrum | FCF post |
EBITDAaL | (incl. leases) | Cellnex | spectrum | (Fr + It) | spectrum | ||||
proceeds) |
- France OCF up €47m YoY with EBITDAaL up €99m and Capex up €52m
- Negative working capital contribution due to Italian VAT timing
- Cash taxes higher than P&L tax (€m) due to Italian losses
- Net proceeds from the tower deal, cash out from Jaguar Network acquisition and share buybacks
30
COMFORTABLE MATURITY PROFILE AND LEVERAGE UNDER CONTROL
Group net debt (€m) and leverage (xEBITDAaL) | Group debt maturity profile at end-2019 (€m) | |||
€3.4 bn | Repaid in early Jan/Feb 2020 |
998 | |||||||||||||||
696 | 709 | 709 | |||||||||||||
562 | |||||||||||||||
67 | 124 | 75 | 59 | 55 | 50 | 90 | |||||||||
Liquidity | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | > | |||
2030 |
- Solid balance sheet - 2.2x leverage post Cellnex deal
- Ample liquidity to meet upcoming maturities, debt repayments post Cellnex closing
- Infravia closing announced on February 28
- Average maturity > 4 years
31
OUTLOOK
NICOLAS JAEGER - GROUP CFO
GUIDANCE FOR FRANCE & ITALY
In addition to the human impact, the current coronavirus epidemic will generate an economic slowdown in certain regions. The social and financial impacts for the iliad Group are currently limited. Nevertheless, the epidemic could impact the iliad Group and its objectives, as is the case for all companies in the telecommunications sector. Possible impacts include the shortage of certain electronic components and a slower rollout of Fixed and Mobile networks.
France
FIXED
- Achieve a 25% share of the Broadband and Ultra-Fast Broadband market in the long term
- 2m FTTH subscribers in 2020, 4.5m in 2024
- Have 22m connectible Fiber sockets by end-2022 and around 30m by end-2024
MOBILE
- Have more than 80% of the subscriber base signed up to the Free Mobile Unlimited 4G Plan by 2024
- Have over 25,000 sites by 2024
- Achieve a 25% share of the mobile market in the long term
B2B
- Obtain a B2B market share of around 4% to 5% share by 2024
- Generate B2B revenues of between €400 million and €500 million by 2024
FINANCIALS
- Generate EBITDAaL margin in France (excluding B2B and equipment sales) of over 40% in 2020
- Achieve an EBITDAaL less Capex figure (excluding B2B activities) of more than €800 million in 2020 and around €1 billion in 2021
Italy
MOBILE
- Have around 5,000 activated mobile sites by end-2020
- Have rolled out between 10,000 and 12,000 mobile sites by end-2024
FINANCIALS
- Based on having around 5,000 activated mobile sites at end-2020, we expect lower EBITDAaL losses in 2020 than in 2019
- Achieve EBITDAaL break-even with a market share of less than 10%
- Generate €1.5bn in revenues in Italy in the long term
33
APPENDIX
GROUP REVENUES
€m | 2018 | 2019 | |||||||||||||||||||||||||||
Q1 | Q2 | H1 | Q3 | 9M | Q4 | H2 | FY | Q1 | Q2 | H1 | Q3 | 9M | Q4 | H2 | FY | ||||||||||||||
France | 1,201 | 1,194 | 2,395 | 1,190 | 3,585 | 1,183 | 2,373 | 4,768 | 1,213 | 1,219 | 2,432 | 1,229 | 3,661 | 1,251 | 2,485 | 4,917 | |||||||||||||
Fixed services | 672 | 660 | 1,332 | 654 | 1,986 | 644 | 1,298 | 2,630 | 654 | 658 | 1,312 | 661 | 1,973 | 666 | 1,327 | 2,640 | |||||||||||||
Mobile services | 476 | 486 | 962 | 492 | 1,454 | 482 | 974 | 1,936 | 487 | 510 | 997 | 524 | 1,521 | 527 | 1,057 | 2,054 | |||||||||||||
o.w. invoiced to subscribers | 365 | 373 | 738 | 385 | 1,123 | 375 | 760 | 1,498 | 384 | 405 | 789 | 423 | 1,212 | 425 | 848 | 1,636 | |||||||||||||
Equipment | 56 | 50 | 106 | 46 | 152 | 50 | 96 | 202 | 73 | 53 | 126 | 45 | 171 | 59 | 104 | 229 | |||||||||||||
Intra-group sales France | (2) | (3) | (5) | (2) | (7) | (2) | (4) | (8) | (2) | (1) | (3) | (1) | (4) | (1) | (3) | (6) | |||||||||||||
Italy | - | 9 | 9 | 46 | 55 | 70 | 116 | 125 | 81 | 96 | 177 | 109 | 286 | 140 | 250 | 427 | |||||||||||||
Intra-group | - | - | - | - | - | - | - | - | (1) | (1) | (2) | (2) | (4) | (2) | (4) | (6) | |||||||||||||
Group revenues | 1,201 | 1,203 | 2,404 | 1,236 | 3,640 | 1,251 | 2,487 | 4,891 | 1,293 | 1,314 | 2,607 | 1,336 | 3,943 | 1,389 | 2,725 | 5,332 | |||||||||||||
o.w. services revenues | 1,148 | 1,156 | 2,303 | 1,192 | 3,495 | 1,197 | 2,389 | 4,692 | 1,223 | 1,264 | 2,486 | 1,295 | 3,781 | 1,334 | 2,629 | 5,115 | |||||||||||||
35
GROUP KPIs
2018 | 2019 | ||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||
FRANCE | |||||||||
Mobile subscribers | 13,825 | 13,625 | 13,535 | 13,441 | 13,391 | 13,314 | 13,296 | 13,313 | |
o.w. 4G plans | 7,369 | 7,555 | 7,744 | 7,783 | 7,858 | 7,928 | 8,075 | 8,177 | |
o.w. voice plan | 6,456 | 6,070 | 5,791 | 5,658 | 5,533 | 5,386 | 5,221 | 5,136 | |
Mobile data usage (GB per month per subs) | 9.2 | 9.6 | 9.9 | 10.9 | 11.6 | 11.9 | 12.8 | 13.9 | |
Broadband subscribers | 6,501 | 6,473 | 6,459 | 6,427 | 6,411 | 6,396 | 6,428 | 6,460 | |
o.w. FTTH | 646 | 734 | 835 | 983 | 1,133 | 1,305 | 1,515 | 1,760 | |
% FTTH penetration | 9.9% | 11.3% | 12.9% | 15.3% | 17.7% | 20.4% | 23.6% | 27.2% | |
Total subscribers base | 20,326 | 20,098 | 19,994 | 19,868 | 19,802 | 19,710 | 19,724 | 19,773 | |
Broadband & Ultra Fast Broadband ARPU (€ per month) | 32.9 | 32.8 | 32.1 | 31.8 | 32.5 | 32.5 | 32.5 | 32.6 | |
Mobile ARPU (€ per month) | 8.8 | 9.0 | 9.4 | 9.3 | 9.5 | 10.1 | 10.6 | 10.6 | |
FTTH connectable plugs | 6,800 | 7,900 | 8,400 | 9,600 | 10,500 | 11,500 | 12,000 | 13,900 | |
ITALY | |||||||||
Mobile subscribers | - | 635 | 2,230 | 2,837 | 3,309 | 3,841 | 4,541 | 5,281 |
36
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Iliad SA published this content on 17 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2020 07:50:07 UTC