Report
Russell Waller
EUR 8536.00 For Business Accounts Only

Iliad Q2 23: Good France SR performance, but EBITDA remains suppressed

Despite the deteriorating front book pricing in France (see August tariff tracker – HERE), Iliad continues to perform very nicely in KPI and SR terms in France (and well enough on SR in Poland and Italy).
Underlyings
Iliad

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.

Provider
New Street Research
New Street Research

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Analysts
Russell Waller

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