New Street Research - Iliad (ILDFP) Iliad (Equal Weight) Q3 24: Good EBITDA performance, but slower MSR growth in France

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New Street Research

Russell Waller

EUR 9547.00 For Business Accounts Only

Iliad (Equal Weight) Q3 24: Good EBITDA performance, but slower MSR growth in France

Iliad has had a good EBITDAaL quarter, but revenue trends in France (mobile) and Italy are slower. It looks like the price competition in French mobile is having an impact.

14/11/2024 1 EN

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Iliad

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Russell Waller

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Iliad (Equal Weight) Q3 24: Good EBITDA performance, but slower MSR growth in France

Orange (Buy, TP: €14, +35%) Altice France (SFR); High Yield (Overweight) Iliad; High Yield (Equal weight)

Iliad (Equal Weight) Q2 24: Strong performance, but slower MSR growth in France and lower adds could be the SFR read-across

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Gen AI Big Idea Series - Chipletz CEO Bryan Black - Smart Substrate & the Multi-Chip-Module revolution

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