Iliad Italy reaches 1 million customers, well above estimates
Iliad: (BUY, Fair Value Fair Value EUR202 (+50%))Iliad Italy reaches 1 million customers, well above estimates
Yesterday Iliad Italia announced it has reached 1 million customers, 50 days only after the launch. This is definitely a very good figure, well above estimates, given Iliad’s limited brand awareness and distribution capacity in the country before the launch. We remain optimistic, but we believe the performance should be observed over a longer period of time before we can be fully conclusive.
Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.
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