French telecoms company Iliad Group has published its financial results for the three months ended 31 March 2014, reporting 10.8% annual growth in its consolidated revenues to EUR1.004 billion (USD1.38 billion), up from EUR907.2 million in Q1 2013. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR369.6 million in the period under review, up by 25.5% from EUR294.5 million in 1Q13. Landline revenues also increased in the period under review, up by 3.6% y-o-y to EUR637.9 million, mainly attributed to the popularity of the company’s ‘Freebox Revolution’ offerings.
In operational terms, the group’s total mobile customer base reached 8.635 million at 31 March 2014, with 2.560 million net additions in the preceding twelve months. The number of broadband subscribers also increased, albeit more modestly, up 4.31% to 5.711 million by end-March 2014. Further, the company noted that quarterly broadband ARPU dropped slightly to EUR35.50, primarily due to the country’s VAT increase (to 20%), which came into force on 1 January 2014.